How to Report Multiple Air BnB rentals

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There are 3 listings and each one is at a different property.

Do all 3 Air BnB listings go on 1 Schedule C or each go on their own?

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Jim-from-OhioAnswer

Intuit Community Champion

may qualify as Scedule E income. found this summary of C vs E:

https://taxedright.com/how-to-report-your-airbnb-taxes/

as far as one schedule, whether it be C or E, I wouild do one and have separate fixed assets for each property. I think you have flexibility whether you show it as one or three.. results in same bottom line.

Jim-from-Ohio

Answer

Intuit Community Champion

may qualify as Scedule E income. found this summary of C vs E:

https://taxedright.com/how-to-report-your-airbnb-taxes/

as far as one schedule, whether it be C or E, I wouild do one and have separate fixed assets for each property. I think you have flexibility whether you show it as one or three.. results in same bottom line.

T

taxmo

Intuit Community Champion

No text available

Just-Lisa-Now-

Intuit Community Champion

If you do lump them all onto one reporting form, the challenge arises when they make improvements to each property and keeping those improvements separated to the right one for when one is sold.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

P

parvitstaxAuthor

Level 6

Since they are short-term rentals and I have decided to group them into a single Schedule C (since Air BnB reports all the listings as one income source). The repairs for each property I have added the property name in the asset title to help with organization.

IRonMaN

Level 15

Why make life more difficult than you have to? Unless there are other reasons like state or local tax issues, go with one schedule C. It makes it easier for you and your client.

Slava Ukraini!