Airbnb Reported Earnings vs Tax Reportings

[Ashley Rothacker]

This may be a silly question but for tax reporting purposes does your earnings need to match exactly to what Airbnb is  reporting? Reason I ask is that I've been tracking earnings based on when they are earned whereas Airbnb seems to base it off of the actual payout date. Really the only discrepancy comes when a reservation takes place over two months i.e. 30th-2nd so not sure if it's a big deal or not!

Thanks!

[Luke Carl]

Originally posted by @Ashley Rothacker:

@Luke Carl I'm actually referring to income tax and not so much month to month but what's reported from an annual standpoint. For example earnings from a reservation on December 31st weren't included in Airbnb's reporting earnings for me in 2019 (because it was paid out in January) but I include it in mine since I technically earned it in December. Again, it's a really small difference (about $300) but figured I'd pose the question. 

 It's basically the same answer as above only income tax is calculated annually. If it went into your bank account in 2019 you pay taxes on it for 2019 :)