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I'm pretty sure that the hosts still have to pay income tax, if they are getting paid money for having someone stay in their house.
by gknoy 13y ago
I'm pretty sure that the hosts still have to pay income tax, if they are getting paid money for having someone stay in their house.
- tomkarlo 13y agoThey're supposed to. How many do you think actually are?
- Aloisius 13y agoProbably about the same percent as individuals who rent out their apartment long-term?
- tomkarlo 13y agoI doubt it. Landlords have to count rent as aggregate gross income on their tax returns, and it's probably both fairly easy to get caught and fairly serious if you do get caught. http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Rental-Income-and-Expenses---Real-Estate-Tax-Tips http://www.irs.gov/Businesses/Small-Businesses-&-Self-Em... (If you're just subletting, only any net gain is taxable, which is probably minor.)