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Updated over 1 year ago,
Property turned into Short term rental
Hey All - I have 2nd home in Florida going to convert it into an airbnb. Even though it's in my personal name and not under an LLC can I still get the benefits o write-offs etc as I start to make upgrades and by new furtinture ? I have a decent mortgage rate on it so don't want to make any change that would affect that but also trying to figure out If I can get all the benefits of running it as a business?
Thanks
Mags