The Schedule E is used to report rental real estate income, among a few other types of income. You would use Schedule E if you did not provide substantial services to your guests and had a more passive role in earning Airbnb income. Most Airbnb hosts would likely report their income on a Schedule E.
The Schedule C is used to report business income. In short, you would use Schedule C to report your Airbnb income if you treated your rental property like a business. You'll know that you were running your Airbnb rentals like a business if you were providing "substantial services to the people who rented your property. You can read more about substantial services here (under point #7).
If you provided "substantial services" to your renters, then you're considered to have had an "active" role in earning Airbnb income. That active role indicates you should be classifying your Airbnb activity as a business on a Schedule C.
As you can see, the most important factor in determining whether you file with Schedule C or Schedule E is to know if you were providing substantial services. We would recommend using these lists to determine where your income falls—under a Schedule C or a Schedule E.
Comments
1 comment
michael kors outlet
100% real jordans for cheap
ralph lauren uk
jordan shoes
hermes belt
michael kors outlet online
jordan 12
fake rolex
golden goose
nike flyknit racer
yeezy shoes
moncler outlet
nba jerseys
valentino shoes
asics shoes
yeezy shoes
kyrie 5 shoes
lebron 16
fila
adidas gazelle
michael kors factory outlet
replica rolex
coach outlet sale
balenciaga triple s
coach outlet
air max 2018
nike epic react
golden goose outlet
adidas tubular
air jordan
nike jordans
kd 11
goyard handbags
nike shox
kd shoes
kd 10
longchamp bags
longchamp outlet
lebron 16
michael kors outlet
fila shoes
coach factory outlet
supreme t shirt
jordan 4
supreme clothing
curry 4
valentino
balenciaga shoes
hogan outlet
michael kors outlet online
basketball shoes
yeezy boost 350
kyrie 4
cheap jordans
Kanye West shoes
jordan shoes
nike air max 2017
jordan retro 6
golden goose outlet
hermes handbags
james harden shoes
supreme hoodie
adidas superstars
yeezy 500
yeezy boost 500
jordans
goyard bags
ysl handbags
gucci belt
yeezy boost 700
nike air max
louboutin shoes
birkin bag
michael kors purses
yeezy shoes
michael kors handbags
supreme clothing
goyard
calvin klein outlet online
mlb jerseys
curry 5
lacoste polo
reebok shoes
yeezy shoes
supreme hoodie
kyrie 4 shoes
yeezy boost 350
yeezy boost 350
kyrie 5
nike air force 1
kobe sneakers
birkin bag
chrome hearts
nike hyperdunk
balenciaga
nike cortez men
nike sneakers for men
air max 2019
air max 270
retro jordans
yanmaneee
Article is closed for comments.