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Where to enter Airbnb income and expenses?
In 2020 I only rented out my Airbnb guest suite for 5 days (out of 365). I tried to enter my info under... Wages & Income > Rental Properties & Royalties > Days rented = 5. That's when Turbo Tax tells me to enter it SOMEWHERE under the "Deductions and Credits" area. Well, I can't figure out which sub-category to enter this info. I have $659 of income and $357 in expenses (supplies, repairs, misc expenses, property tax deduction, insurance deduction) to enter.
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Where to enter Airbnb income and expenses?
Since you only rented out your guest suite for 5 days you don't have to report the income. Please see NancyG's explanaion: How to report airbnb income - TurboTax
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Where to enter Airbnb income and expenses?
Since you only rented out your guest suite for 5 days you don't have to report the income. Please see NancyG's explanaion: How to report airbnb income - TurboTax
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Where to enter Airbnb income and expenses?
No income taxes. Now that's music to my ears!