A short YouTube video by Donna Genie offering practical advice on handling sales tax and hospitality/accommodations tax for long-term rentals. Key points: states and localities vary in rules; operators should generally collect sales tax during an initial short period (commonly the first 90 days) and, if a stay becomes long-term, refund the tax on the 91st day and claim a credit on the next sales tax return. The speaker cautions viewers to verify rules with their specific state and local taxing authorities.
Questions this video answers
The first 90 days.
On the 91st day.
Chapters
Are you confused about sales tax on.
Long term rentals.
Like most people are? Well, I'm going to give you some advice on how.
To handle long term.
Rental sales tax and hospitality tax. Every state works a little differently and there are even localities that operate differently. So do not just take this as generic advice and use it. I want you to apply it with the detail of.
Your state.
And local taxing authorities advice. And we often run into questions about sales tax.
Being collected on long term renters.
What if you don't know if somebody's going to be there long term? Now long term.
Generally means that you.
Don'T have to collect sales tax or hospitality tax, accommodations tax, whatever the name is for your particular area. However, you don't know if they're going to be there long term until they're there long term. Most states are going to tell you that you should collect sales tax for.
The first 90.
Days or whatever the.
Time frame is.
Until you don't have to collect sales tax. And then on that 91st day you can refund the sales tax back to your customer, your guest, and take a credit for it on your next sales tax return.
