How do I report income from self-employment?Please refer to the information below and based on how you received your income will be how you report your self-employment (Airbnb). I have also included two TurboTax FAQ's for you below with additional information that may be of further assistance to you:
Your self-employment income was only from cash or personal checks or credit card payments.
Type “Schedule C” in the Search box and then select the “Jump to” link. This will take you to where you can enter any cash, personal checks or credit card payments (Form 1099-K) related to your self-employment. You may be asked some general questions about your business. After you answer them, you’ll be taken to the Your Business screen where you can enter this income as Additional Income under Business Income.
You received a 1099-MISC for your self-employed income.
Type “1099-misc” in the Search box and then select the “Jump to” link. This will take you directly to the section where you can enter your 1099-MISC. You’ll also be able to enter any cash, personal checks or credit card payments (Form 1099-K) related to your self-employment.
For additional information on, "How do I report income from self-employment?" (Airbnb) please see the TurboTax FAQ below:
https://ttlc.intuit.com/replies/4801198
For additional information on, "How does my work in the sharing economy (Uber, Airbnb, etc) affect my taxes?" please see the TurboTax FAQ below:
https://ttlc.intuit.com/replies/4848465
