Income from AirBNB can either be entered on Schedule C or Schedule E depending on the circumstances. You do not need a 1099-Misc.
How do I report Airbnb income?
First, if you rented
your property for 14 days or less, you are not required to report the rental
income and will not deduct any related expenses.
If you rent your
main residence more than 14 days during the year and live in it 15 days or
more, you won’t qualify for the tax-free treatment. The treatment of the
rental activity will depend if you provide services to your guests, in addition
to providing rental space.
Most taxpayers are
strictly providing the rental, and will report Airbnb rental activity on Schedule E. If this is your situation,
begin by going to Wages & Income, then
Rental Properties (or search for "Schedule E").
These instructions may be useful: Where do I enter income and
expenses from a rental property?
If you provide
services to your guests (ie. breakfast, daily maid service) you will report
your income from Airbnb as self-employment on Schedule C (or Schedule C-EZ, if you qualify). Begin by
going to Wages & Income, 1099-Misc and Other Common Income, Income
from 1099-Misc (or search for "1099-MISC").*
This article is very
informative, and will answer many questions you may have about tax treatment of
Airbnb income: Tax
Issues When Renting Your Home With Airbnb, HomeAway, or VRBO
*Report income
without a 1099.
- Click on Federal Taxes on the
top row of TurboTax Deluxe Online.
- Click Wages &
Income
- Under All Income, click Show all
income
- Scroll to Self-Employment,
click Start
- Click Yes to Did you
have any self-employment income or expenses?
- Enter any income from sales
or services that weren't reported on Forms 1099-MISC
