Mar 28, 2019 | Carshare Taxes, Tax Tips, Turo Taxes
Peer-to-peer car sharing platforms like Turo and Getaround are popular car rental sites for people who want to earn extra income renting out their car. People use sites like Turo and Getaround for a variety of reasons; they want to make extra income, or perhaps they...
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Jul 12, 2018 | Depreciation Tips, Tax Tips, Turo Taxes
Rideshare business owners are facing new tax regulations following the passage of the Tax Cuts and Jobs Act (TCJA) some of which have affected leasing and depreciation tax rules. As a result, Tax Reform means that rideshare business owners now need to reassess the...
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Mar 8, 2018 | Carshare Taxes, Depreciation Tips, Tax Tips, Turo Taxes
Carsharing presents a great opportunity for people with cars sitting in their driveway and for entrepreneurs looking to compete with traditional car-rental services. In addition, there can be key tax benefits. If you’ve earned money this year from sharing your...
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Nov 28, 2016 | Turo Taxes
Do Turo Owners Need to Pay Sales Tax? Turo is a sharing economy service that allows you to list your car for rent. Renters can select travel dates and the location in order to rent your locally-owned car. However, if you plan to turn Turo into a serious business or...
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