As an Airbnb host that is not the house owner, can I simply report rental income and expenses on Sch. E?

Forum|Forum|6 years ago
January 25, 2020
1 reply
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TurboTax Live Self Employed

TomD8

Alumni - Champ

No, because you can't rent something you don't own. What is your financial relationship with the owner with regard to you "hosting" the property?

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

John ForsterAuthor

Level 2

Hi TomD8,

Thanks for your reply. I don't have any objections from the homeowner allowing me to be an Airbnb host and renting in effect the spare bedroom to an Airbnb guest. Then, I thought I could use Schedule E to report income and expenses for that activity.

Would using Schedule C, Profit or Loss From Business, be possible for rental real estate activity? Is ownership of the property a prohibiting factor here, too, with its different tax forms. Thanks in advance for any added advice or input - greatly appreciated.

Cheers, John