Sublease AIRBNB

[MGC94]

Taxpayer rented out with AIRBNB and made $8,439.50

She paid to rent it $13,300

Took a loss. How would I write that off the sch e? 

[Terry53029]

Generally, you will file Schedule C for your short-term vacation rental if: The average guest rents the property for fewer than 7 days, OR. The average guest stay is fewer than 30 days AND you provide guests with “substantial services”

[TaxGuyBill]

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@Terry53029 wrote:

Generally, you will file Schedule C for your short-term vacation rental if: The average guest rents the property for fewer than 7 days, OR. The average guest stay is fewer than 30 days AND you provide guests with “substantial services”

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No, Schedule C is only if "services" are provided (such as maid service or meals).  The Short-Term aspect has nothing to do with putting it on Schedule C (other than that short-term is more likely to provides such "services").

[TaxGuyBill]

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@MGC94 wrote:

Taxpayer rented out with AIRBNB and made $8,439.50

She paid to rent it $13,300

Took a loss. How would I write that off the sch e? 

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Enter the income.  Enter the expenses paid. 

[MGC94]

@TaxGuyBill Where would you write off the rent she paid to rent it

[TaxGuyBill]

Line 19 of Schedule E seems to have the best description.

However, was there any personal use?  If so, I don't think 19 will treat it correctly and you might need to fiddle around with some manual calculations.

[MGC94]

If you sublease, do you depreciate the building? 

[sjrcpa]

No. You don't own anything to depreciate.