So as a follow up to this, I'm just curious:
1. Myself and my life partner (at the time), just business partner now, own a residential home with ourselves on the mortgage. We rent this property out through a popular short term rental company
2. We, along with one other business partner, own another rental income that is owned by the LLC, and is also rented out through a short term rental company.
I'm wondering if we can run the income and expenses from the personally owned property legally, through the LLC and if so, besides declaring the income and expenses on the LLC side, what the other tax/legal implications would be.
Thanks in advance for any help you can offer 🙂
