Here's Another Thing About The Sharing Economy You Might Not Have Thought Of: The Tax Bill

Airbnb your room? Drive for Lyft? Unfortunately, that extra income isn't free money.

Early last year, a New York-based freelancer—let's call him Henry—had to travel for a project. The job required him to be gone for a few months, so, in order to offset the cost of his room in the East Village, Henry fired up Airbnb, snapped a few pictures, wrote a short description, and listed his space for rent.

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