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How do I collect taxes for my vacation rental?

I know I should be collecting taxes, but how do I keep track of them?

Asked By: Mike

Tags: Legal Rates

1 Answers


States differ with what they feel is the homeowner's legal responsibility to post their rates. You should be up-front about your rates, although some homeowners choose to roll their rates into a round-number price to make it easy for clients. It's easier for you, though, to do the necessary math if you separate them from your base rental price. 
If you're confused about what taxes you need to pay, try this blog post about paying taxes on vacation rental homes.