Taxes. Airbnb figures

Ron7625
Level 1
Seaford, DE

Taxes. Airbnb figures

Do I report earnings on the Airbnb figures, which include their charges and fees, or what I actually received via Paypal? I can't find help from Airbnb. Need to know ASAP! Thank you!

 

1 Reply 1
Lorna170
Level 10
Swannanoa, NC

@Ron7625   I am not a CPA.  However, my CPA has me report the GROSS earnings of my properties, whch includes the fees charged to the guests by the OTAs like AirBnB.  I then deduct those fees and taxes under the Management and Taxes lines on Schedule E.   

 

If you are not sure what to do, make an appointment with a tax professional.