Yes, you have to report your Airbnb income either on Schedule C or Schedule E, unless it was rented out for 14 days or less during the year.
If your Airbnb was rented 14 days or less during the year, you report the income as "other income" and you don't deduct any related expenses. Click here for more details.
If your Airbnb was rented for more than 14 days during the year, you report the income on Schedule E and deduct your rental expenses.
If your Airbnb was rented for more than 14 days during the year and you provided "substantial services", you report the income on Schedule C and deduct your business expenses.
Substantial services go above and beyond the basic services typically provided to renters (utilities, maintenance, landscaping, trash collection, etc.). If you’re providing regular cleaning or maid service (in excess of 10% of the rental cost), fresh linens or towels, in-room coffee, transportation, or sight-seeing, you’re providing substantial services, and that means you'd file Schedule C.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
