Yes, see the link below.
Whether you use Schedule C or Schedule E to report your short term rental depends on how actively you are involved in running this business business and what services you offer. Use:
- Schedule C - If you provide services, like a hotel or B&B would (cooking, cleaning services, maid service etc).
- Schedule E - If you are just renting out a space and you do not offer any additional services.
How do I report income from self employment? To get started here are the steps to begin:
To report your short term rental on Schedule C:
- Open or continue your return.
- Search for schedule c and select the Jump to link in the search results.
- Answer Yes to Did you have any self-employment income or expenses? and follow the instructions.
@priya5
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