I regularly rent out a spare room in my house on Airbnb, how do I accurately report the income and what specific household expenses can I legally deduct?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Short-term rental income from a spare room is often reported based on how the space is used, how many days it is rented, and whether any personal use is mixed in. The treatment of household expenses can depend on the portion of the home used for the rental, the length of each stay, and whether items For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.