topic I have a two-unit rental dwelling. one unite is rented long-term and the other is used as an AirBNB. How/where do I file the AirBNB income, deductions, etc? in Investors & landlords

I have a two-unit rental dwelling. one unite is rented long-term and the other is used as an AirBNB. How/where do I file the AirBNB income, deductions, etc?

jasonlewkowicz1 — Sat, 13 Mar 2021 22:53:11 GMT

Re: I have a two-unit rental dwelling. one unite is rented long-term and the other is used as an ...

ColeenD3 — Sat, 13 Mar 2021 23:15:00 GMT

You will probably have to treat them as two separate properties to take expenses. The program is set up for multi-family and multi-unit, but there is a presumption that at least one unit was all personal.

If you treat them as two separate properties, divide the property by square footage. Allot equal mortgage interest and property taxes to both, but add the separate expenses appropriate to each.

Re: I have a two-unit rental dwelling. one unite is rented long-term and the other is used as an AirBNB. How/where do I file the AirBNB income, deductions, etc?

Carl — Sun, 14 Mar 2021 00:02:40 GMT

I agree with Coleen on this. Treat each property as a physically separate entity, and enter each property in Turbotax as two physically separate entities.