How do I know if I qualify airb

Forum|Forum|4 years ago
April 6, 2022
7 replies
28 views

Own the home. Provide cleaning service. Provide coffee and other items.

TurboTax Self Employed Online

AnnetteB6

Level 15

If you are asking whether your rental income and expenses should be reported on Schedule C as a business or on Schedule E as a rental, then it depends on whether you provide significant services to your guests.

If you provide daily housekeeping service along with clean linens in addition to the coffee and other amenities, then you may be operating more as a business that would report income and expenses on Schedule C. Compare what you do with a hotel or bed and breakfast for example.

If this is not what you were trying to ask, please respond with some additional details.

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truckmasseyAuthor

Level 2

yes this is the question I'm asking. So to report on Schedule C as a business in TT do I just follow self employment section?

DianeW777

Level 15

Yes, you will select Self-Employment income and then follow the prompts for income, and select all the various expenses you have. The link below will provide some guidance for you.