Tax info

[Ximena-and-Mauricio0]

Hello, my husband and I are new to Airbnb and I need help with my tax file, do we clame ourself as individual/sole proprietor, C corporation ext…? 

[Sybe]

Hi @Ximena-and-Mauricio0 ! Have you found any advice yet regarding your question? For questions specific about taxes its often best to get in touch with a tax professional. 

I hope you get it sorted soon, please do let us know how you get on. 🙂

[Lorna170]

@Ximena-and-Mauricio0   You definitely need to talk with a tax professional, if only to have him set you up so that you know how to handle your rental business going forward.

The IRS website has instructions for the various forms -- Schedule C versus Schedule E, etc.  but it can be heavy reading -- I have numerous properties.  Some are filed with their own tax returns as they are entities with tax ID numbers and some are filed on my personal tax return on a schedule E as pass-through income.

Talk to a tax professional.