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Get your taxes done using TurboTax
Your statement "In my case, my length of stay was less than 7 days on average, the rental is a trade or business activity, and I did materially participate." means you are self-employed and you should be reporting the activities of your business on a Schedule C not a Schedule E.
To remove your Schedule E entries and re-enter your self-employment income and expenses in TurboTax Home & Business you can follow these steps:
- Within your return, click on the Forms icon in the upper right of the screen to switch to Forms mode.
- Scroll down in the menu bar on the left and select your Form Schedule E.
- Click the Delete Form button at the bottom left of the preview screen.
- Confirm the deletion then click the Step-by-Step icon in the upper right of the screen.
- Click on the Business tab and enter the information about your business, including all your rental income and expenses.
See Am I considered self-employed? for more details.
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‎February 10, 2023
11:25 AM