Solved
Airbnb Cohost Tax Reporting
Hello! So I am an AirBnB cohost that made less than 5K in 2024 and did not receive any 1099 forms from AirBnb. How do I go about reporting how I much I made in TurboTax? Do I just put it under 1099-MISC?
No, unless you had an average of more than 7 days rentals, you would list this as a business on Schedule C.
TurboTax Home and Business Desktop or TurboTax Premium online will cover your situation. As you walk through the TurboTax Business section, you will be asked for your income. You will be given the option to select 1099-K, 1099-Misc, 1099-NEC or Cash, since you did not receive a form, select cash. Enter the total amount your received here and then continue through to enter your expenses.
How do I report income from self-employment?
10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals
If those who stayed, stayed an average of more than 7 days and you did not provide substantial services, then you would list this as rental income on Schedule E. You would use the rental property section of TurboTax to do this.
Where do I enter income and expenses from a rental property?
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
