Corporate rental
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estelle106
Returning Member

Corporate rental

What type of rental should I describe my condo corporate rental I rent out 3-12 months per renter?

3 Replies
Critter-3
Level 15

Corporate rental

Explain ... how is a condo a corporate rental ???    Does the corporation own the condo?  Is the condo used as a residential rental ? 

estelle106
Returning Member

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

Critter-3
Level 15

Corporate rental

Ok ...  Unless you provide daily services like a hotel   you just have a residential rental to report on a Sch E.

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