is renting spare room on airbnb passive income or self-employment

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manuvns
Posts: 688
Joined: Wed Jan 02, 2008 2:30 pm

is renting spare room on airbnb passive income or self-employment

Post by manuvns » Fri Nov 08, 2019 2:06 pm

for tax purposes , is renting spare room on aibbnb passive income or self-employment . This is when i am doing it all year around

taurabora
Posts: 186
Joined: Fri Oct 30, 2009 12:41 pm

Re: is renting spare room on aibbnb passive income or self-employment

Post by taurabora » Fri Nov 08, 2019 2:10 pm

What google found: https://royallegalsolutions.com/is-my-a ... oyment-tax

Can’t say if correct or not.

fabdog
Posts: 769
Joined: Wed Jan 16, 2013 1:59 pm
Location: Williamsburg VA

Re: is renting spare room on aibbnb passive income or self-employment

Post by fabdog » Fri Nov 08, 2019 2:14 pm

rental income, Schedule E. Unless you have a business with a lot of these, and spend more than 750 hours/year.

Here's AirBNB's tax guide

https://assets.airbnb.com/eyguidance/us.pdf

Mike

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