How do I change state in the asset entry worksheet for Airbnb property?

Forum|Forum|3 years ago
April 11, 2023
1 reply
16 views

I am filling 1040 VA return, the TP has an Airbnb property in Florida. I can't change the state from VA to FL to remove FL income from VA return and allocate to FL state return. I am using Schedule C for to enter Airbnb income and expenses. Please help! Thank you!

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Just-Lisa-Now-

Intuit Community Champion

If theyre a VA resident, VA is going to tax ALL income, then give credit for taxes paid to another state.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

N

NS Finance SolutionsAuthor

Level 2

Thank you, Lisa! I am putting AIBNB on Schedule C, on VA return it is asking to select the county where the income was earned. I can't select any VA county as the income was earned in FL.

Just-Lisa-Now-

Intuit Community Champion

Are you sure it belongs on a Sch C?

How do VA residents offer "substantial services" to a short term rental in FL? Most AIrBnBs are Sch E, only if you provide substantial services does it go on Sch C.

You may want ot google substantial services for airbnb and make sure youre classifying this rental properly...Im not sure how theyd provide substantial services from another state.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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