Vacation rentals sales tax liability

October 3, 2023

I manage vacation rental property and would like to track sales tax payable, tourist tax payable, county or state sales tax. I can only enter one kind of tax but the accountant wants both on the invoice.

Couple steps for sales tax when you rent vacation properties with and you are on the way:

1. Enter a sales tax authority name as a vendor

2. Set up your sales tax accounts

3. Create sales tax item groups

4. Use the sales tax group item on your invoices

5. View sales tax reports

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.