Do I have to pay federal taxes on my money earned during renting?

Good news! The IRS Federal Tax Code contains a provision that states that homeowners are not required to pay federal income taxes on income generated by renting their primary residence for 14 days or less each year. 

Note: Rent Like A Champion is required to issue you a 1099 if you are paid $600 or more.

Specific information can be found on the IRS's website: https://www.irs.gov/taxtopics/tc415.html

Feel free to read more on this in the Wall Street Journal:

http://www.wsj.com/articles/SB10001424052702304392704576380242257503756

Some more helpful articles:

• https://www.irs.gov/newsroom/know-the-tax-facts-about-renting-out-residential-property
• https://www.irs.gov/forms-pubs/about-publication-527

As RLAC is a nationwide company, it is the responsibility of each host on the site to determine their local and state tax laws pertaining to short-term rentals. 

Note, that we are not tax advisors, and we recommend discussing this with your accountant or tax preparer if you have any further questions.