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Updated about 2 years ago,
Tax Implications: Paying Airbnb cleaner via Venmo
Hi All!
In Feb 2022 I bought and started managing my first airbnb. It has done well this year! But now that tax season is upon us I have a few concerns...
- My cleaner was paid about $9k via Venmo(this was a personal account not a business account). Will Venmo send her a 1099k automatically? If I deduct this expense on my taxes will I need to send her a 1099 or does venmo do that? I have seen on the forums if money was sent via credit card/ach a W-9 from the vendor is not needed. Is this correct?
- I was not the best at recording mileage... I am going to estimate. How much of an issue is this?
-My home depot receipts were being sent to an email I no longer have access to. Does anyone know if Home Depot can just send me receipts If i provide the card used???
Also - I have an accounting background and I use quickbooks online.
Thanks!
Sarah