Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 14, 2020 6:58:40 PM

I'm applying for a building loan, but they won't consider my 20k in AirBnB income because they said I listed it on the wrong line. Suggestions?

A loan officer won't include AirBnB income because I listed it as self-employment income. How should I list it?

0 2 738
2 Replies
Level 15
Jul 14, 2020 7:11:27 PM

It is self employment.  Ask the bank what line they want it on. 

Level 15
Jul 14, 2020 8:46:27 PM

Do you provide "services" (such as maid service or meals) to the tenants?  If so, it is self employment.

 

If not, it is a rental on Schedule E.