General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

Is AirBNB, VRBO, etc considered rental income?
Hello fellow investors. I'm still wrapping my head around the how much information there forums have and the wealth of knowledge there is. Being a newbie, I have tons of questions and have learned a lot, however I want to throw a topic out there that I think I know the answer to but am not 100% sure.
There is a property in Colorado that I know is being flipped and will be on the market in the relatively near future. If I purchased this property as a "rental" property (in an LLC and for passive income), but didn't put tenants in it and instead put in on Airbnb,VRBO,etc., can that still be considered a rental property and the income classified as rental income? I was under the impression that any income generated from airbnb, etc is considered self-employment income and would be reported on a 1099 (I think that is the self-employed tax form). But I don't know if not being a primary residence would qualify it for being considered a rental property and void the self-employment stuff. I hope this is clear enough and to gain some insight from anyone. Thanks for the help and thoughts!