AirBnB is considered self-employment since you do a lot of the work yourself like cleaning or hiring someone to clean between guests, booking the guests, meeting and basically performing hotel services.
So this will be reported on Schedule C even if it is your personal home. This also means you will be subject to SE Tax. So, if you plan to do this again in 2024, it may be a good idea to make quarterly estimated payments to cover your SE taxes of 15.3% and avoid penalties.
You do not need a 1099 to enter income from self-employment, but you may have one from AirBnB. You will simply need to do the following:
• Click Wages and Income
• Click until you get to the summary screen then click Add More Income
• See list of all income
• Show more next to Self-Employment
• Start or Revisit next to Income and Expenses
• Answer Yes to "Did you have any self-employment income or expenses
• Walkthrough and answer the questions regarding Uber
• When you get to the screen asking "Let's enter the income for your AirBnB" select Other Self-employed income.
• This will allow you to enter the form of payments (cash, check or other) and the total
When you get to the end you will click Add More Self-Employed Income
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