turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

For rental property expenses where do we declare purchases like cooking utensils, plates, blankets, towels, etc. - supplies, other expenses, or misc. expenses?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KrisD
Intuit Alumni

For rental property expenses where do we declare purchases like cooking utensils, plates, blankets, towels, etc. - supplies, other expenses, or misc. expenses?

Report then however it makes sense to you and would make sense to the IRS. The main thing is to be consistent in your reporting from year to year, and keep good records. For the items you list, supplies would make sense. Supplies can last for a period of time, such as blankets, where expenses are usually something you use up at once, such as a utility bill. 

Please click the link for more information:

Airbnb and VRBO Vacation Rentals

View solution in original post

2 Replies
KrisD
Intuit Alumni

For rental property expenses where do we declare purchases like cooking utensils, plates, blankets, towels, etc. - supplies, other expenses, or misc. expenses?

Report then however it makes sense to you and would make sense to the IRS. The main thing is to be consistent in your reporting from year to year, and keep good records. For the items you list, supplies would make sense. Supplies can last for a period of time, such as blankets, where expenses are usually something you use up at once, such as a utility bill. 

Please click the link for more information:

Airbnb and VRBO Vacation Rentals

Carl
Level 15

For rental property expenses where do we declare purchases like cooking utensils, plates, blankets, towels, etc. - supplies, other expenses, or misc. expenses?

For something like AirB&B or VRBO vacation rentals, that's generally treated as a business reported on SCH C, and *NOT* as a rental reported on SCH E. In other words, you treat this like the business it is, *exactly* the way a hotel operates.

As a short term rental you *are* providing recurring services, as indicated by the items you purchased which you mentioned in your post. So this is not a SCH E rental. It's a SCH C business and needs to be reported as such.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies