@AmeliesUncle wrote:
This is something that REALLY need to be looked at by a good tax professional. There are too many questions to be asked for this LLC that doesn't even own the property.
I agree; this thread is getting out of hand and there are facts missing and/or changing.
One thing, for example, that is curious is you stated, @QandA1, that the LLC pays state taxes. What taxes???
Neither WA nor FL have a state income tax so, what, are these taxes sales taxes on the short-term rentals?
Based upon what I've read so far, I can't even see a rationale for continuing on with the LLC at all since it owns nothing.
