Category: Individual Tax Planning, Business Tax planning
Posted: September 2017
Uber, Lyft, Airbnb, Etsy, Rover, TaskRabbit. If you've taken advantage of these services�or provided them to others�you're a member of the sharing economy. If you've only used these services (and not provided them), there's no need to worry about the tax implications. But if you've rented out a spare room in your house through a company like Airbnb, you're probably collecting a fee. A portion of this goes to the company (in this example, Airbnb) while you keep a portion for providing the service. Whether this is your full-time job or a part-time gig to make some extra cash, you need to be aware of the tax consequences�
