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FAQs Relating to Bookings Affected by COVID-19

Q – How do I report a booking where the guest paid in full during 2020 and transferred the stay to 2021?

A – Report the income on your 2020 return and the number of days stayed on your 2021 return

 

Q – How do I report a booking where the guest paid in full for the booking and claimed their refund on their insurance?

A – Report the income and number of days on your 2020 return

 

Q – How do I report a booking where the guest has transferred the stay to 2021 and paid their non-refundable deposit?

A – Report the non-refundable deposit income on your 2020 return

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