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estelle106
Level 2
November 24, 2020
Question

Corporate rental

  • November 24, 2020
  • 3 replies
  • 3 views

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

    3 replies

    Critter-3
    Critter-3
    Level 15
    November 24, 2020

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

      E
      estelle106Author
      Level 2
      November 24, 2020

      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
      Critter-3
      Level 15
      November 25, 2020

      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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