Renting Your Home on Airbnb This Summer? Tax Guide and Examples


More and extra Americans are turning to the rental property market to earn additional revenue.  About 10.6 million individuals within the U.S are incomes rental revenue on this method. Of these, about 4 million individuals are utilizing the property rental web site Airbnb ( (ABNB) – Get Airbnb Inc. Report). How a lot are they making renting property?  According to iProperty Management, the common Airbnb host earns about $9,600 yearly.  

Renting out your property has tax implications. The IRS does tax most rental property revenue, after all, there are tax deductions for issues like rental property depreciation.