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Airbnb, Schedule C or E?

Technical topics regarding tax preparation.
#1
Posts:
679
Joined:
15-May-2014 12:26pm
Location:
USA
Is it a foregone conclusion that Airbnb income is to be reported in Schedule C, instead of Schedule E?
 

#2
Posts:
4945
Joined:
22-Apr-2014 3:06pm
Location:
WA State
Not even close...I got real comfortable moving all of mine to Sch E unless they were true superhosts going above and beyond for significant services.
~Captcook
 

#3
HowardS  
Posts:
2428
Joined:
21-Apr-2014 3:12pm
Location:
Southern Pines, NC
Facts and circumstances.
All of my STR's have been schedule E.
So far.
I suffer from depreciation.
 

#4
EZTAX  
Posts:
1473
Joined:
24-Apr-2014 6:48pm
Location:
California
We have had some great discussions on this one. Enjoy. See my posted links at post #21.

viewtopic.php?f=8&t=18078&p=157756&hilit=airbnb#p157756
 

#5
Posts:
5
Joined:
23-Oct-2018 2:59pm
Location:
Hawaii
Consider this from 'The CPE Store': Tax Guide for Short-Term Rentals, Course number: TAX580205

Excellent handout that can function as part of your research. 8 CPEs
 

#6
Posts:
4945
Joined:
22-Apr-2014 3:06pm
Location:
WA State
I've read through some of that.
It tends to take a pretty conservative approach, from what I gathered.
~Captcook
 


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