For rental property expenses where do we declare purchases like cooking utensils, plates, blankets, towels, etc. - supplies, other expenses, or misc. expenses?

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KrisD15Answer

Alumni - Intuit

Report then however it makes sense to you and would make sense to the IRS. The main thing is to be consistent in your reporting from year to year, and keep good records. For the items you list, supplies would make sense. Supplies can last for a period of time, such as blankets, where expenses are usually something you use up at once, such as a utility bill.

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Airbnb and VRBO Vacation Rentals

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KrisD15Answer

Alumni - Intuit

Please click the link for more information:

Airbnb and VRBO Vacation Rentals

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Carl

Level 11

For something like AirB&B or VRBO vacation rentals, that's generally treated as a business reported on SCH C, and *NOT* as a rental reported on SCH E. In other words, you treat this like the business it is, *exactly* the way a hotel operates.

As a short term rental you *are* providing recurring services, as indicated by the items you purchased which you mentioned in your post. So this is not a SCH E rental. It's a SCH C business and needs to be reported as such.