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Investors & landlords
If this is an AirB&B rental that's operated similar to a hotel where you provide recurring services directly beneficial to the short term tenant, then you have a SCH C business...not a SCH E rental.
For example, if you provide cleaning services, to include the use of your washer/dryer, that's a recurring service directly beneficial to the tenant. Also, if you operate as a Bed and Breakfast (as implied by the name, Air "B&B") that breakfast is a recurring service.
So first, determine what you have so that it's reported on the correct form.
For example, if you provide cleaning services, to include the use of your washer/dryer, that's a recurring service directly beneficial to the tenant. Also, if you operate as a Bed and Breakfast (as implied by the name, Air "B&B") that breakfast is a recurring service.
So first, determine what you have so that it's reported on the correct form.
‎June 6, 2019
1:18 AM