ahenok
New Member

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?
Anonymous
Not applicable

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.