Yes — income from platforms like Airbnb, Vrbo, and Booking.com is taxable and must be reported to the IRS and often to state and local authorities. Whether you rent a single property or manage several, filing your STR taxes correctly is essential to staying compliant and avoiding penalties.
Most earnings from your rental activity count as taxable income, including:
Many platforms issue 1099 forms to both the IRS and hosts, so it's important to ensure your numbers match.
Running an STR often involves significant expenses — and many of them are deductible. Examples include:
We make STR tax filing straightforward and stress-free. Our service includes:
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