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Schedule C - Airbnb rental space goes in Home Office deduction or where?

We rent out part of our house as Airbnb. The average stay per guest is less than 7 days, so TurboTax recommended using Schedule C and entering it as profit/loss from business, rather than Schedule E as rents. 

In that case, is the rental portion considered the Home Office Deduction? If so, would I then simply divide the number of days rented by the total days in the year and use that as a percentage of time used for the Home Office Deduction? If not, where/how do I add the rental space itself (square footage)? 

1 Reply
Leonard
Intuit Alumni

Schedule C - Airbnb rental space goes in Home Office deduction or where?

If you provide substantial services that are primarily for your tenant's convenience, such as regular cleaning, changing linen, or maid service, you report your rental income and expenses on Schedule C (Form 1040), Profit or Loss From Business,

The link below is to Publication 527 and has information,(page 12) that you may find useful.

https://www.irs.gov/pub/irs-pdf/p527.pdf 

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