We live in California, US.
We lived in an apartment in a very bad school district. We only realized that this January when we had to register kindergarten for our son, and we had to move. However, at that time we still had 3 months in our contract, and the agent wanted us to pay 2 month-rent penalty for breaking the lease (although it was never written anywhere in the contract).
We still rent a new apartment. To avoid paying penalty, instead of returning the previous apartment, we put it on Airbnb. That means we rented two apartments at the same time. What we earned from Airbnb is less than what we paid for the agent for the old apartment, let alone the bills for it.
- Do I need to declare this income when filing my 2018 tax return? considering that I was actually losing money.
If the answer is yes:
- How do I also declare the rent I paid to the agent, to show that I actually didn't earn anything.
- What tax form do I need? Airbnb issues W-9 form for US person, W-BECI for non-US person with TIN, and W-8BEN for non-US person without TIN.
I'm not a US person. I have lived in the US for more than 3 years with a working visa, so I'm a resident for tax purpose (I also have EAD as my green card application is pending). I submitted a W-9 form to my employer so they can withhold the tax from my salary. I have SSN, so no TIN.