With this info they could also easily identify all illegal rentals and smack them with fines too.HONOLULU (AP) — Hawaii is seeking to find vacation rental owners who aren’t paying taxes by getting Airbnb to turn over rental records.Hawaii News Now reports the state Department of Taxation filed a court petition last week to serve an administrative subpoena on Airbnb for rental documents dating back to 2008.The department is investigating vacation rental owners’ compliance with the general excise and transient accommodation taxes.State Director of Taxation Linda Takayama says the department’s goal is to get the taxes paid, which could involve penalties and interest fees if owners haven’t been paying.Airbnb in a statement said it has received the request and is reviewing it.

@Nicholas Aiola, @Natalie Kolodij, @Ashish Acharya, @Basit Siddiqi, @Linda WeygantThis one's scurrying around in my brain and you know I'm going to hit you guys up privately to discuss this! 

@Anthony Wick@Linda Weygant hit the nail with the answer.The partnership will report the income to the partner managing the partnership as a guaranteed payment. 

@Linda S.

Thanks for the awesome suggestions.I love the Walmart gift card idea too @Linda S. 

@Brandon Hall is in your neck of the woods and specializes in real estate, there's also @Linda Weygant and @Amanda Han on BP (along with many more fantastic CPA's I'm less familiar with).

@Linda S.

@Linda Weygant is partly correct on the CPA tax side of things.

@Bess Carter I would absolutely bring a GC for an opinion.

Thanks @Linda Weygant I have actually scheduled an appointment with a real estate attorney and I will be utilizing both options of buy and hold and flipping depending on the circumstances.