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.
My name is Wayne Scully, owner of W. SCULLY, CPA, PC, and I am a tax and business strategist. The firm provides solutions to landlords, flippers, and real estate tax pros in the NY Tri-state area. It offers tax compliance, business consulting, and high value tax planning strategies to save clients thousands of dollars.
Here's what W. Scully, CPA, P.C. is about!
Our Motto:
"Service, Quality, Integrity"
"Service, Quality, Integrity"
Friday, March 18, 2022
Gig Economy & Rental Real Estate
Real Estate & The Gig Economy:
#gigeconomy&realestate,#realestatetaxes,#1099K,#airbnbtaxes,#taxes,#taxplanning,#Schedule E,#Schedule C
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