If you rented part of your home for more than 14 days during the tax year, you should report the income on a rental schedule. This is how to do that in TurboTax: Select Federal from the left side menu. Select Wages and Income toward the top left Scroll down/ expand the list and look for Rentals and Royalties. Expand that section and find Rental Properties and Royalties (Sch E). Click Start on the right. Answer the first question Yes. Select Rental property on the left, click Continue. The rest of the section will guide you through entering your income and the allowed expenses. Click here for a good article about operating an Air BnB.

Question

I run an Airbnb out of my home and I have a full time job. The Airbnb is secondary income. How should I file my taxes?

Forum|Forum|4 years ago
March 15, 2022
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TurboTax Online

J

JulieS

If you rented part of your home for more than 14 days during the tax year, you should report the income on a rental schedule.

This is how to do that in TurboTax:

Select Federal from the left side menu.
Select Wages and Income toward the top left
Scroll down/ expand the list and look for Rentals and Royalties.
Expand that section and find Rental Properties and Royalties (Sch E).
Click Start on the right.
Answer the first question Yes.
Select Rental property on the left, click Continue.
The rest of the section will guide you through entering your income and the allowed expenses.