MA Short-term Rental Tax

MA Short-term Rental Tax

If you rent out a short-term property, you have a new tax and bookkeeping problem to wrestle with. MA has implemented a 5.7% tax on some parts of short-term rental income, which must be remitted to the Dept. of Revenue. You may also have to accrue for a local tax liability, depending on where your property is located. Read this excellent article for more details and contact Numbers in Boxes to learn how professional bookkeeping can help your business.

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