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How do I report airbnb income on my apartment rental

If you received a 1099, why not simply report it as "Other income" (miscellaneous income) and zero it out in the description?

 

Example:

 

1099: $1,000 - $1,000 less than 15 days = $0 (The "0" would appear on Line 8z of Schedule 1).

craiggangi
Returning Member

How do I report airbnb income on my apartment rental

Thanks. I've been using Schedule E. Does this belong on Schedule 1 instead?

How do I report airbnb income on my apartment rental

You tell me - Does Section 280A(g) apply?

 

https://www.law.cornell.edu/uscode/text/26/280A

craiggangi
Returning Member

How do I report airbnb income on my apartment rental

Yep definitely applies. I was just trying to figure out the best way to 1) declare it and then 2) "deduct" it.  Or perhaps I can just ignore it altogether, but then I figured I'd get some kind of communication/letter from the IRS.

How do I report airbnb income on my apartment rental

Yes, your choice; you can do that on Schedule 1 or simply respond to a letter (assuming you even get one).

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