Enter all dollar amounts as a whole number rounded to the nearest dollar amount. Example $1234.67 should be entered as $1235.
1. Total Sales of Lodging Service: Report all receipts for the specified period, including all rent receipts, and amounts (both taxable and nontaxable), received pertaining to your STR business. Gross short-term rental revenues include all compensation received for occupancy including all mandatory fees (other than taxes) such as booking/reservation fees; cleaning fees; pet charges; fees for extra vehicles, people or beds; etc.; and any amounts received from lodging companies or managers.
2. Add - Bad Debts Collected: Report the bad debts collected if any
3. Sales/Service/Rental revenue for bookings made on a Marketplace Facilitator: Deduct revenue for bookings made on a Marketplace Facilitator platform such as VRBO and Airbnb.
4. Sales/service/rental revenue to governmental, religious and charitable organizations: Deduct all qualifying sales to exempt organizations if the purchases are made in conjunction with their exempt status and funds drawn on the organization.
5. Othe Adjustments: Enter any adjustment with the description of why the adjustment is necessary. Add any additional revenues or deduct any adjustments that reduces revenues.
6. Net Taxable Revenue Amount: add lines 1&2 and subtract lines 3 & 4. Adjust with line 5 as appropriate. Enter net amount here rounded to the nearest dollar.
7. Amount of 2% Lodging Tax: Report the amount of sales tax calculated. The sales tax is calculated by multiplying Line 6 Net Taxable Revenue by the Town's 2% sales tax rate.
8. Late Payment Fee: Penalty is 10% or $10 whichever is greater if payment is not remitted on time. Multiply line 6 by .10.
9. Interest 1.5% accrue for each month payment is late. Multiply line 6 by .15.
10. Amount Due. Enter Dollar amount due. Add lines 7, 8 & 9. Round to the nearest dollar. This will be the amount you need to remit to the Town of Keystone.
Payments can be made online at Town of Keystone - PayPort Online Service or checks can be sent to Town of Keystone, Attn: Lodging Tax Dept., 1628 Sts Johns Rd. Keystone, CO 80435
Questions can be emailed to str@keystoneco.gov or calling 970-423-5119