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May 23, 2025
Question

I own 2 rental properties that I use as short term rentals. Should I file as a business or personal with rentals. I filed personal last year.

  • May 23, 2025
  • 1 reply
  • 0 views
where the properties are located, a business license is not required

    1 reply

    May 24, 2025

    If "services" (such as maid service or meals) are not provided to the tenants and it is not owned by a corporation or partnership, it just reported as a rental on Schedule E of your personal tax return.

     

    However, in most cases TurboTax is not set up correctly to report short-term rentals, so you may consider going to a good tax professional that is familiar with how to property report short-term rentals.