as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
does renting a room on airbnb make all interest taxable?
user
it says that you are exempt "as long as such interest income is not effectively connected with a united states trade or business". so the interest is from money earned from doing business with/through airbnb, a us company. so you will have to report it. even if your bank doesn't send you a 1099-int, you have to report it, unless it is under $0.49 because the irs allows rounding.
assistant