NAICS code: 721100
Using your extra apartments or your home to host travelers on Airbnb is an excellent way to make money and meet new people. When tourists visit a new city, Airbnb has become the go-to accommodation option, but hospitable accommodations can sometimes drain your wallet. When it comes to tax season, we’re here to assist you in seeing how you can save that extra dime compared to your expected tax return.
We have put together a list of the most common write-offs for airbnb hosts that you can use to deduct your expenses.
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Maintenance & redesign
Use Schedule C, Box 21, to write it off
By making your rental space safe and comfortable, you can write off expenses.
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Guest Amenities
Use Schedule C, Box 22, to write it off
It pays to treat your guests well! Write off that house breakfast or bottle of wine.
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Cleaning Services
Write it off using: Schedule C, Box 22
Deduct cleaning, housekeeping and laundry costs.
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Online advertising
Write it off using: Schedule C, Box 27a
The money you spend to advertise your Airbnb is tax-deductible.
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Music streaming app
Write it off using: Schedule C, Box 27a
Your clients need music to relax. Write-off if you pay any streaming services.
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Hosting Essentials
Use Schedule C, Box 22, to write it off
Deduct the cost of fresh sheets, towels and toilet paper to your guests.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees.
Business card
Write it off using: Schedule C, Box 8
Count your business cards as advertising expenses if your contact information is on them.
Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If you buy a phone or laptop and use it for work, it’s partially deductible.
Platform service fees
Write it off using: Schedule C, Box 10
Does Airbnb charge a percentage for every guest? It will be refunded in write-offs.
TV streaming services
Write it off using: Schedule C, Box 27a
If guests are offered streaming services like Netflix, their fees are deductible.
Self-promotional
Write it off using: Schedule C, Box 8
Portfolios, business cards: write off anything you use to promote yourself.