Joshua Wu discusses tax consequences from damages and theft in the sharing economy (Tax Notes)

In his article forĀ Tax Notes, Joshua Wu explores the tax consequences that result from damaged, destroyed, or stolen property in the ride-sharing and home-sharing economies. Specifically, the article considers how the host or driver treats insurance payments and security deposits for tax purposes, when a host or driver may deduct insurance premiums, and when the service provider may claim a tax loss.

To view the full article, please click on this link (subscription required).