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Depreciation & Interest Reporting for AirBNB Property Owned Personally, but Operatings Run Through LLC
Hello All!
I personally own an investment property with the purposes of short term renting through AirBNB. Operations (income, expenses, management, etc) are run through an LLC. However, the property and loan is owned by me personally. I plan to file an 1120S for the LLC operations, but how would I report the interest and depreciation related to the property? Is it even allowed in this situation?
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‎August 20, 2024
3:15 PM