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Can you claim income from airbnb if you don't own the house?
I use my personal information on airbnb account but I don't own the house which I am using as airbnb, how should I put this on taxes and what form to use?
3 Answers
- SlickterpLv 71 month ago
You have to claim all income. Your problem is inability to deduct expenses because you don't own the home.
- Max HooplaLv 71 month ago
Yes. The percentage of square footage of the part rented to airbnb customers is deductible as utility and rent expense.
- StephenWeinsteinLv 71 month ago
If you are keeping the money, then you put it normally, like if you owned the home (except that you don't deduct expenses that you don't have because of not owning the home).
If you are just running the account and the owner is getting the money, then you would be a "nominee" (and you'd probably have to give the owner a 1099; it's going to be complicated and you should get an accountant to help you).
