It depends on the nature of your rental; please read below:If yourented the rooms for 14 days or less, you are not required to report the rentalincome. But you cannot deduct any related expenses, either.Occasional,short -term rental with no guests services may be deducted as personal income, in the rental section: Federal Taxes Wages & Income Rental Properties and Royalties - follow the instructions Where do I enter income and expenses from a rental property?If youdedicate a room in your home solely for the paying customers, never live in thatroom and provide services such as regular cleaning or maid service, providecoffee or breakfast, you may beconsidered "running a business". In this case, you would deduct your income and expenses as self-employed income, subject to SocialSecurity and Medicare tax.FederalTaxesWages& IncomeBusinessItemsBusinessIncome and Expenses (Sch C)- you may beasked to upgrade to Self-Employed version.

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sarah-nissen-10

Level 1

Question

Should I put my $3300 AirBnb earnings in the business income or personal income category?

Forum|Forum|7 years ago
June 1, 2019
1 reply
2 views

No text available

TurboTax Self Employed Online

MargaretL

Level 12

It depends on the nature of your rental; please read below:

If you rented the rooms for 14 days or less, you are not required to report the rental income. But you cannot deduct any related expenses, either.

Occasional, short -term rental with no guests services may be deducted as personal income, in the rental section:

Federal Taxes
Wages & Income
Rental Properties and Royalties - follow the instructions Where do I enter income and expenses from a rental property?

If you dedicate a room in your home solely for the paying customers, never live in that room and provide services such as regular cleaning or maid service, provide coffee or breakfast, you may be considered "running a business". In this case, you would deduct your income and expenses as self-employed income, subject to Social Security and Medicare tax.