Generally, income earned by renting out your gear is taxable. If your earnings exceed a certain amount in a calendar year, you will receive a Form 1099 for that year from Stripe, our merchant account provider. There may be deductions you might be able to take against this income, i.e, some vehicle expenses, depreciation, etc. Please consult your tax consultant to determine tax treatment for your rental activities and retain all relevant documentation.

DISCLOSURE: This communication is on behalf of ShareGrid Platforms, LLC or its affiliates (“ShareGrid”). This communication is for informational purposes only, and contains general information only. ShareGrid is not, by means of this communication, rendering legal, financial, accounting, business, tax, or other professional advice or services. This communication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your interests. You should consult a qualified professional advisor. ShareGrid does not assume any liability for reliance on the information provided herein.

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