3685568
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.

I own 2 rental properties that I use as short term rentals. Should I file as a business or personal with rentals. I filed personal last year.

where the properties are located, a business license is not required
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 Reply

I own 2 rental properties that I use as short term rentals. Should I file as a business or personal with rentals. I filed personal last year.

If "services" (such as maid service or meals) are not provided to the tenants and it is not owned by a corporation or partnership, it just reported as a rental on Schedule E of your personal tax return.

 

However, in most cases TurboTax is not set up correctly to report short-term rentals, so you may consider going to a good tax professional that is familiar with how to property report short-term rentals.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question