I host an Airbnb for my parents that rents about half the year. I also airbnb my own house about 7 days per year (well under the 14-day rule).
Payments for my parents go to their bank account. Payments for my house go to my bank account. Apparently I was listed as the taxpayer (on a hidden, not-at-all-obvious page on the airbnb site) for all of these payments, so I received the 1099-K for everything! As many people have discovered, Airbnb is completely unwilling to work with their treasured hosts to correct 1099-Ks.
I have almost finished my parents' tax return and I recorded their airbnb income (of course without a 1099-K). I am starting my tax return. Here are the factors:
1) I need to enter the 1099-K income on my return since it has been reported that way and I do not want to get flagged.
2) I need to say that we rented our house less than 14 days so that I do not pay taxes on our portion of the airbnb income. I'm afraid that this will prevent me from being able to somehow deduct my parents' (much more significant) portion of the income, because as soon as I say we're under 14-days turbotax will move me along to the next section.
3) If there is some way to enter and then deduct my parents income, how do I do this?
4) And am I right that saying we rented under 14-days will prevent me from doing this?
Thanks!
