JulieS
Expert Alumni

Investors & landlords

If you deduct your actual vehicle expenses, you can include the repairs in that calculation.

 

With vehicle expenses, you deduct either a set amount per mile driven for business, or you can deduct a percentage of all of your vehicle costs, including repairs. 

 

Don't have to be self-employed to deduct vehicle costs, you can include that on a rental schedule. Both the rental schedule and the self-employment income section in Turbo Tax include a special section for vehicle expenses. 

 

Whether you are self-employed, or engaged in a rental activity, is based on the amount of services that you provide to the people who rent from you. Unless you aren't doing this on a regular basis, self-employment is probably the way you should report your Air BnB.

 

Click here for more information about filing taxes for this type of activity.

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