Can you clarify if you entered in the TurboTax rental section? Because it is a Home Away From Home business that is reported on Schedule C, TurboTax has it as a short-term rentals (STRs) (average gu...
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Can you clarify if you entered in the TurboTax rental section? Because it is a Home Away From Home business that is reported on Schedule C, TurboTax has it as a short-term rentals (STRs) (average guest stay is 7 days or less and "substantial services" (e.g., daily maid service, fresh linens, food) are provided for guest convenience). If you want to claim it on Schedule E, go back to the Review your rental property info page and under Rental Type and Usage, check what you have for Property Type- if you have Vacation or short-term rental, you can change to Single Family. Also, check your days rented at fair price and personal days. See 10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals.