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djdjddhdhdh t1_jcfdbhg wrote

Reply to comment by akmalhot in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail

Ye I dunno about zoning, but tax wise having an Airbnb doesn’t subject you to any tax exceptions, it’s a business like any other. If you make more than you spend you have to pay income taxes on it

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akmalhot t1_jcfjggs wrote

Yeah I mean more for certificate of occupancy, shouldn't have allowed more than 30-60 days in primarily residential areas. There's a reason we have hotel commercial etc some

Too late now

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theageofnow t1_jcigfom wrote

More restrictive zoning laws will make the city worse and more difficult to find lodging, both permanent and temporary. They just made it more difficult to build hotels a few years ago (NYC had a huge hotel construction boom… and corresponding boom in tourism). There is a shortage of lodgings, both permanent and temporary, which has manifested itself in AirBnB being very profitable for some people (it shouldn’t be)

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DoritosDewItRight t1_jcfmh88 wrote

No, that's not correct. You really can rent your primary residence for 14 days a year without having to report any of that income: https://turbotax.intuit.com/tax-tips/rental-property/10-tax-tips-for-airbnb-homeaway-vrbo-vacation-rentals/L8CEWgLSP

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djdjddhdhdh t1_jcfntze wrote

Oh no I don’t doubt, I was talking if you’re running Airbnb full time

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