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Business & farm
@Anonymous wrote:
I definitely plan this to be an active business and NOT an investment/passive activity. It will be a vacation short-term rental with numerous bookings per month, a large degree of owner involvement (scheduling, communication, coordination, advertising/marketing, repairs, etc.),.....
If you plan to operate this enterprise much like a hotel, providing substantial services to your renters, then the tax treatment would be as you stated earlier.
‎June 16, 2021
7:44 AM