Submitted by fluffykintail t3_11sqx12 in nyc
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
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
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)
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
djdjddhdhdh t1_jcfntze wrote
Oh no I don’t doubt, I was talking if you’re running Airbnb full time
[deleted] t1_jcgg56x wrote
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