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posted
‎November 24, 2020
1:05 PM
last updated
‎November 24, 2020
1:05 PM
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Corporate rental
What type of rental should I describe my condo corporate rental I rent out 3-12 months per renter?
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Corporate rental
Explain ... how is a condo a corporate rental ??? Does the corporation own the condo? Is the condo used as a residential rental ?
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Corporate rental
I OWN A CONDO, I HAVE A MANAGEMENT COMPANY THAT RENTS MY CONDO OUT TO PEOPLE WHO COME TO WORK IN THE AREA ON JOBS FOR ABOUT 3 MONTHS TO A YEAR, EXAMPLE TRAVELING NURSES OR A MANAGEMENT EXECUTIVE WHO IS ASSIGNED TO A PROJECT IN MY STATE, BUT DOES NOT RESIDE IN THAT STATE WHO WOULD NEED TEMPORARY HOUSING IN THAT STATE WHILE WORKING THERE ON A SPECIAL ASSIGNMENT
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Corporate rental
Ok ... Unless you provide daily services like a hotel you just have a residential rental to report on a Sch E.