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Hi...Having trouble figuring out how I should list tax on an Airbnb reserved rental. Should I just list normally & make a 'note' to subtract that tax from my quarterlies or is there a way to program in such a way that it is noted as tax on reservation but does not go into my reports that I run for quarterly payments. KWIM? Hard to explain. Air now holds and pays my TOT tax on rentals booked via them. I still pay quarterly and collect when guests book other sites or direct. First time I'm having to itemize and not sure if there is an easier way...

 
4 Responses:

John Amato, April 18, 2017:

Might help if we looked at an example booking together, do you have one you can share with me (privately in email: [email protected])

I will say that these issues are usually much easier handled with the use of Channel Managers
dtarca, April 19, 2017:

Thank you for response. I've not looked at Channel Managers as of yet so will do so now. I will reply with example privately as suggested if I still have questions. Appreciate timely response.
PACVL, June 30, 2018:

John this is one that should be looked at for the channel managers as well. When the booking needs to be adjusted in BV I have not found a way to let BV know that you should not charge tax when the booking is from AirBnB and soon for me Home Away. What we do is manually change the taxes to zero and make sure that the Marketing Channel field has the appropriate AirBnB distinction. Then at the end of the quarter we run the TAX report that shows us all bookings for a quarter and provides the taxable total for our state and city forms AND we run the Marketing Channel report so that we can also provide the information on our State and Local forms for AirBnB specifically since we do not collect the tax on those and will be reducing our taxable liability by those rentals.

Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.
PACVL, June 30, 2018:

John this is one that should be looked at for the channel managers as well. When the booking needs to be adjusted in BV I have not found a way to let BV know that you should not charge tax when the booking is from AirBnB and soon for me Home Away. What we do is manually change the taxes to zero and make sure that the Marketing Channel field has the appropriate AirBnB distinction. Then at the end of the quarter we run the TAX report that shows us all bookings for a quarter and provides the taxable total for our state and city forms AND we run the Marketing Channel report so that we can also provide the information on our State and Local forms for AirBnB specifically since we do not collect the tax on those and will be reducing our taxable liability by those rentals.

Ideally it would be nice to run a tax report that did this for us so that we didn't have to piece it all together. Section for all rentals within the period, and then a section for each Channel with subtotals for that channel and then a grand total at the bottom that would be the total rentals minus the channels or the Net that we are responsible to collect and pay taxes on.

 
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