Calculation for short term rental

[anju355]

Hi,

Can anyone please guide me regarding tax return of short term rental. Is there any formula where I can calculate the expenses based on the number of days the room was used for Airbnb. Also for the calculation/deduction of insurance, electricity and other expenses.

Thanks,

 

[jmbell]

You should use the number of days it was rented (or available for rent) / 365