Working through the complexities of car share income and deductions can be a headache for some. Unlike other shared economy platforms, calculating deductions for Turo requires you to have a deep understanding of depreciation rules, accounting, and allocating between business and personal use of assets.
To get to the brass tax on Turo income and deductions, we’re hosting a webinar, in partnership with Turo to cover critical tax and accounting considerations while discussing how to limit any unnecessary tax exposure.
WHEN: Wednesday February 19 at 10am PST / 1pm ET
WHERE: You will receive our registration link after registering and receive a reminder ahead of the event.
WHAT: The best tax strategy for Turo hosts by sharing-economy-focused tax experts
Join us for this targeted webinar on Turo taxes by registering below.
REGISTER BELOW FOR WEBINAR ACCESS
About Sharing Economy Tax
We have helped our clients answer the following questions:
- Do I have to report my income if I only made $500 on the platform?
- Should I rent or buy or lease my next vehicle for Turo?
- Can I deduct other expenses such as my home office, garage, or cell phone?
- Where do I report my Turo income, is it on a Schedule E or Schedule C?
- Can I accelerate my car’s depreciation?
- What should I do if I owe taxes and did not save any money?
- Was I supposed to pay estimated taxes?
We have been able to save our Clients a substantial amount of money by helping them identify all of the tax deductions that are special to their circumstances and we’re confident that we’ll be able to help you do the same.