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Updated almost 4 years ago on . Most recent reply
First Airbnb, need CPA and legal advice
I'm in Dallas, Texas and just started renting my first Airbnb rental, I need CPA or legal advice on whether we need to form a LLC now or wait until we have more properties. Will it benefit for us to have income coming in under the business at this point? Am I able to file a schedule E next year if I am receiving income as an individual?
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
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Luke Carl
#3 Short-Term & Vacation Rental Discussions Contributor
#3 Short-Term & Vacation Rental Discussions Contributor
- Rental Property Investor
- Tennessee Florida
@Viviana Villegas
Not legal advice. Not a lawyer. No you don't need LLC and yes schedule E. Not a CPA
This comes up very often here. Use the search function. Tons of threads