@ColeenD3
Thank you for that information.
This rental is average of 7 days or less - so if I'm understanding correctly, this wouldn't qualify as passive income. Therefore, no 8825 form would be needed. Here lies my question - if we don't include this on the 8825 form - do we include this "rental income" as ordinary business income for the LLC ?
I'm just trying to see:
1) Form 8825 - is this required to be filled out
2) If Form 8825 isn't required, then do we could this rental on our personal 1040 Schedule E (Part I) - or does the LLC count it as income on 1065
