Laserfiche WebLink
118f2018 <br />Sal es—Residerdial Short-TermRentais <br />" Ywrnust keep.documentation to support who facilitated the sale and was responsible for remitting the applicable taxes on the lodging <br />and related.seMces. <br />For mare information, see Revenue_Notice 17-06, Lodging and Related Services — Residential Short -Term Rentals. <br />lsoiated or Occasional Sales <br />For sales tax,. a sales tax exemption will apply to the short-term rental in Minnesota ifthe sale i9 isolated or occasional, and not made in <br />the normal course of busine.ss.of selling Iodging.and related services. An "isolated .sale" happens once. An "occasional sale" is. infrequent <br />and does not reoccur Wth some. degree of regularity: I`a.ormaI course of business is defined as activities that demonstrate a commercial <br />continuity or consistency of making sales or performing.ser'ces.:for the purposes of.attairring profit or producing income. <br />For income. tax purposes, the internal Revenue Code (IRC.) provides.. an isoiated sale exemption when you rent out for14 days or less a <br />year a. property that you.also use:as your home. This is an exernpti.on from income tax an that. rentaI income. Howeve r,. th i s exemption does <br />not apply to sales tax, Unless a sales tax eke mpfion. applies,.you must collect sales tax on the short-term rental of.your property. <br /><. ales — Lodging and Related rvices. <br />Return to conteats_pa4e_for this_guide <br />Sales — Fees and Other Charges > <br />hdp:fMmwfeleriue.state. n.milousinos seslsutfPages/Hdtals-Lodging/Sales-Restderdla[-Short- Term- Rental s.aspx 212 <br />