Airbnb

Airbnb General guidance on the tax ation of rental income Airbnb | General guidance on the taxation of rental income January 2017 v1 1 Disclaimer This booklet was prepared by Ernst & Young LLP (EY) at the request of Airbnb . This booklet is intended solely for in formati on purposes and no Airbnb Host or other third party may rely upon it as tax or legal advice or use it for any other purpose. As such, EY and Airbnb assume no responsibility whatsoever to Airbnb Hosts or other th ir d parti es as a result of th e use of in formati on contain ed herein. This booklet was prepared by EY, and does not necessarily reflect the views of Airbnb . This booklet contains information in a summary format. It does not provide tax advice to any taxpayer because it does not take into account any specific taxpayer s facts and circumstances. Readers are encouraged to consult with professional advisors for advice concerning specific matters before making any decision or taking a position on any tax return, and EY and Airbnb disclaim any responsibility for positions taken by taxpayers in their individual cases or for any misunderstanding on the part of readers.

Your gross rental income is $10,000 and reported as such on your 1099-K or Earnings Summary. On your tax return, you report $10,000 as gross rent and $1,000 as a deduction to arrive to net rental income of $9,000. Exemptions: If you use a dwelling unit as a home and you rent it less than 15 days during the year, its primary

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