March 17, 2016
San Francisco has a message for vacation-rental hosts: You owe more taxes. Next week the city will notify hosts using services like Airbnb and HomeAway/VRBO that they must submit an itemized list of all the “furniture, appliances, supplies, equipment and fixtures” used in their rentals, specifying the cost and acquisition date. After the assessor’s office calculates depreciation, this “business personal property” will be subject to a tax of slightly over 1 percent of its value….