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Where to enter % of use on Sch E for AirBnB

Young-TP
Level 3

When entering AirBNB on a schedule E, rented our casita 58 days ,had personal use the rest of the year, would this qualify for P owner-occupied rentals on the Sch.E? and I would just enter the % of rental use?

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4 Comments 4
Just-Lisa-Now-
Level 15
Level 15

Basic doesn't have a place to enter Days Rented at FMV and Days of Personal use?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Young-TP
Level 3

Yes it does and i completed that. Do I need to enter anything under "owner-occupied rentals" P and Q also? Because when I enter something there I get an error that i should not include "days of personal use" That is where my confusion lies.

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Just-Lisa-Now-
Level 15
Level 15

An owner occupied property is one where the property owner decides to live in one unit as their primary residence while renting the rest out. 

Does this apply to your AirBnB?  or is it more like a vacation rental?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Young-TP
Level 3

they rent out the casita only. when it's not rented its used for personal use.

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