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.
You'll need to sign in or create an account to connect with an expert.
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
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
No income taxes. Now that's music to my ears!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
anon30
Level 3
kyondacooper
New Member
ashleyhudd229
New Member
dresiap
New Member
RefundableAOTC
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.