Either way, you'll need to upgrade to Turbo Tax Self-Employed.
Rental activity for Airbnb may be reported in two different areas of your tax return, for specific reasons, and with different outcomes.
Please review this article for a discussion of these options so you may choose the most appropriate place to report this on your return: http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-your-home-airbnb-vrbo.html
Most taxpayers chose to report Airbnb rental activity on Schedule E:
See this link for more: Where do I enter income and expenses from a rental property?
If you provide services to your guests and choose to report your income from Airbnb as self-employment on Schedule C:
See this link for more: Where do I enter income and expenses from a business?
In summary, if your income is solely related to rent, then you can report it on Schedule E. Reporting your income on Schedule C also triggers a 15.3% self-employment tax on your Form 1040.