I started an Airbnb but the IRS are not making anyone over 20,000 account for it. I made less but did buy things for space?How do I take deductions if I don’t have 1099

Note: If you rented this property for 14 days or less, you are not required to report the rental income. But you also cannot deduct any related expenses. 

Rental activity for Airbnb may be reported in two different areas of your tax return, for specific reasons, and with different outcomes. 

Please review this article for a discussion of these options so you may choose the most appropriate place to report this on your return: 10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals .

As a Rental, using TurboTax Online Premier or Self-employed, Form 1040, Schedule E, Supplemental Income and Loss (From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.

• If you choose to report your Airbnb rental activity on Schedule E, follow these instructions:  Where do I enter income and expenses from a rental property?

If you choose to report your Airbnb as a Business (self-employed), please see Where do I enter Schedule C?

Even though Airbnb probably gave you only an Earnings Summary, enter the income reported to you “as if” you received Form 1099-Misc and indicate that you may also have income for 2023 from the same source.

• This will allow you to enter a limited amount of expenses (if you have any).

Additional information:

• 10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals 
• Renting Out a Room on Airbnb or FlipKey? How Much You Owe in Taxes