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Airbnb has been battling complaints that high cleaning fees have pushed prices closer to, or even above, hotels for short rentals. Airbnb profit jumps to $650 million in 2Q, as bookings increase ...
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Airbnb takes a 3% cut, according to Wise, and cleaning costs, taxes, the cost of consumables like toilet paper, fees for licenses and permits, insurance fees and other miscellaneous expenses are ...
Moreover, Airbnb’s new listing verification system can identify and remove fake listings, and its search functionality has been improved with new filters for king-size beds and pet-friendly homes.
Basis (or cost basis), as used in United States tax law, is the original cost of property, adjusted for factors such as depreciation. When a property is sold, the taxpayer pays/(saves) taxes on a capital gain /(loss) that equals the amount realized on the sale minus the sold property's basis.
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