Schedule C Vs. Schedule E: Airbnb Income Tax Reporting

Summary

This video explains the difference between reporting Airbnb income under Schedule E (normal real estate income) and Schedule C (sole proprietor ordinary income). It highlights that short-term rentals are typically not taxed as a business unless you offer hotel-like services like airport pick-up, daily housekeeping, or food services. It advises that you be aware of the tax implications of offering such services, as that can affect how you are audited.