Vanessa A
Expert Alumni

Business & farm

Yes, you are correct.  This would not be a rental activity since your customers are only staying an average of 5 nights.  Instead, you will want to report your income on Schedule C as self-employment income.  The property would be a business asset and depreciated as a hotel would be depreciated.  

 

You will enter your income from your AirBnB activity in the business section of TurboTax as a business.  You will also be subject to Self-Employment taxes on this income. 

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