I am establishing a Short Term/Vacation Rental business for foreign property. I will create a US based LLC, but the property is outside of the US. The income will come from a foreign bank account, but I will be using US funds and credit cards to make purchases for running the business here in the US. What kinds of expenses can I write off for the business/property? And if I set up an LLC for the business, would I file that with my personal taxes or on a separate tax filing specifically for the LLC?
