Gig Economy & Rental Real Estate

Real Estate & The Gig Economy:

The gig economy mushroomed during the pandemic, and more and more people supplement or earn full-time their income from the likes of AirBnB, Uber, Lyft, Etsy, etc. What many don't realize is the tax implications of earning via those platforms. For example, renting your real estate on AirBnB may require you to file a Schedule C or Schedule E. Ensuring you use the correct form could save you thousands with proper compliance to lower the risk of a negative audit finding.

#gigeconomy&realestate,#realestatetaxes,#1099K,#airbnbtaxes,#taxes,#taxplanning,#Schedule E,#Schedule C

Down To The Wire

So here we are, getting closer to the tax deadline, which is actually Monday, April 18th. Now, a LOT of folks have already filed their taxes, especially those with one job and a fairly basic return. 

But what about the rest of us? 

Those in the “gig” economy, or the self-employed, or stock traders/investors, and retirees?

Well, there’s still plenty of time, but you’ll have to use it properly.  #gigeconomytax #taxes #taxpreparation