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MGC94
Level 7
March 29, 2022
Question

Airbnb

  • March 29, 2022
  • 1 reply
  • 4 views

Client has Airbnb but it's attached to their home. How do you distinguish between the % of the Airbnb vs the % used for their main home? Do I report the rental on a schedule C or a schedule E since it's Airbnb? 

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1 reply

Just-Lisa-Now-
Intuit Community Champion
March 29, 2022
allocate by square footage, total vs airbnb?

Sch c is only if they offer substantial services, like a bed and breakfast would...all this is easily researched with google, theres TONS of stuff out there about airbnbs
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪