When you host, the Rent Credits you earn will likely be considered taxable income (including the Rent Credits automatically deducted from your rent). When you sign a lease with us, we'll ask you to fill out a W-9.
Many of our Loftium hosts choose to form a sole proprietorship or LLC. Some are even able to write off host-related expenses!
Please note that Loftium is not a lawyer, tax accountant, or financial advisor, so we cannot and do not intend to provide legal or tax advice. Working with an accountant may be a good idea to make sure all of your potential deductions are covered!