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Is a business license necessary?
I have received permission from a landlord prior to signing any lease agreement which allows for me to sublet through the Airbnb platform. My question now is, do I need a business license to deduct expenses: rent, furniture, cleaning, cable, internet, water, gas, electricity? Or am I able to sign the lease without a business license and report those same deductions?
July 21, 2019
10:04 PM
Anonymous
Not applicable
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Deductions & credits
a business license is a matter of local law which has nothing to do with income taxes. for federal and state income taxes no business license is required.
July 21, 2019
10:27 PM
563 Views