Airbnb Cohost Tax Reporting

[migvar09]

Hello! So I am an AirBnB cohost that made less than 5K in 2024 and did not receive any 1099 forms from AirBnb. How do I go about reporting how I much I made in TurboTax? Do I just put it under 1099-MISC? 

[Vanessa A · Accepted solution]

No, unless you had an average of more than 7 days rentals, you would list this as a business on Schedule C.  

TurboTax Home and Business Desktop or TurboTax Premium online will cover your situation. As you walk through the TurboTax Business section, you will be asked for your income.  You will be given the option to select 1099-K, 1099-Misc, 1099-NEC or Cash, since you did not receive a form, select cash.  Enter the total amount your received here and then continue through to enter your expenses. 
 

How do I report income from self-employment?
10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals

If those who stayed, stayed an average of more than 7 days and you did not provide substantial services, then you would list this as rental income on Schedule E.  You would use the rental property section of TurboTax to do this.

Where do I enter income and expenses from a rental property?

[migvar09]

Thank you so much for responding. This helps immensely.