KrisD15
Expert Alumni

Investors & landlords

The Single Member Limited Liability Company rental would be reported on Schedule E or Schedule C on your tax return since it is a pass-through entity. 

 

This was included in the previous answer, however, in addition, it depends if the rental is short-term, in which case it would need to be reported on Schedule C as a business.

The IRS has determined that short-term rentals, such as Airbnb, are a business and reported on Schedule C, not a rental on Schedule E.

 

Operators of Short-Term rentals will be subject to self-employment tax (FICA) on the profit. 

 

@harink5 

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