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.

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?
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.

2 Replies

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?

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

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?

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies