TaxWave works with Airbnb hosts, Turo car-sharing hosts, storage rental operators, and platform rental earners to correctly classify income, claim all allowable deductions, and resolve IRS balances that grew from incorrect or unfiled returns. Rental income has unique rules that favor the prepared taxpayer.
Tax Relief by Role
Airbnb Hosts
Hosting on Airbnb means managing bookings, cleanings, guest communication, and maintenance on top of your regular life — it's real work. The tax picture is more nuanced than most hosts expect: short-term rental income may or may not be subject to SE tax depending on the services you provide, but it is definitely taxable income, and Airbnb reports it to the IRS.
Learn more →VRBO Hosts
VRBO hosts typically own dedicated vacation rentals — beach houses, mountain cabins, lake properties — that generate significant seasonal income over a concentrated number of weeks. The tax picture for a dedicated vacation rental is different from an Airbnb room-share, and hosts who apply the wrong rules end up with either missed deductions or incorrectly filed returns.
Learn more →Turo Hosts
Hosting on Turo turns your car into a revenue-generating asset — but it also creates real tax obligations most car owners weren't expecting when they signed up. Turo income is taxable self-employment income, and the tax treatment of your vehicle — including depreciation, mileage, and insurance — requires careful handling to get right.
Learn more →Peerspace Hosts
Renting your studio, event space, or creative venue on Peerspace or similar platforms can generate meaningful hourly income from underutilized square footage. But venue rental income is taxable, Peerspace issues 1099s, and the tax treatment of a commercial or mixed-use space comes with specific rules that differ from residential Airbnb hosting.
Learn more →Storage Rental Hosts
Renting storage space — a garage, shed, basement, or lot — through platforms like Neighbor.com or direct arrangements generates passive income with real tax implications. Storage rental hosts often don't think of themselves as landlords, but the IRS treats this income the same as any other rental income, and it must be reported.
Learn more →