Occupancy Taxes
Question related to Airbnb Occupancy taxes - These are netted off the payout and don't show up in the Airbnb earnings figure. As such, they essentially don't show up anywhere in my P&L right now. Am I supposed to add these taxes to revenue and then deduct the same amount as an expense? I can't imagine that every Airbnb owner is manually doing this entry for their bookkeeping though. Seems like more headache for a net $0 change to income! Please share your thoughts on how this is supposed to be recorded.
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Pearl Gupta
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Occupancy Taxes
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