https://ttlc.intuit.com/community/business-taxes/discussion/my-wife-and-i-manage-vacation-rentals-for-property-owners-what-would-we-choose-as-our-business/01/175920#M5721 <P>We manage the rentals for the owners. The income flows through us and we collect our commission, pay expenses, and pay out the owners monthly. It is setup as an llc.</P> Sat, 01 Jun 2019 15:44:45 GMT bmseelos 2019-06-01T15:44:45Z https://ttlc.intuit.com/community/business-taxes/discussion/my-wife-and-i-manage-vacation-rentals-for-property-owners-what-would-we-choose-as-our-business/01/175920#M5721 <P>We manage the rentals for the owners. The income flows through us and we collect our commission, pay expenses, and pay out the owners monthly. It is setup as an llc.</P> Sat, 01 Jun 2019 15:44:45 GMT https://ttlc.intuit.com/community/business-taxes/discussion/my-wife-and-i-manage-vacation-rentals-for-property-owners-what-would-we-choose-as-our-business/01/175920#M5721 bmseelos 2019-06-01T15:44:45Z https://ttlc.intuit.com/community/business-taxes/discussion/if-you-and-your-wife-are-the-only-members-of-the-llc-you/01/175931#M5724 <P>If you and your wife are <I>the only members of the LLC</I>, you can report your <I>Business Income and Expenses on Schedule C </I>and choose <I>'Property Management</I>' as your Business Activity.</P><P>The actual Property Owners will report their Rental Income and Expenses (such as your fees) on Schedule E in their return.</P><P>Click the link for a detailed article on&nbsp;<A href="https://turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income-and-deductions/L3Unchx1x" target="_blank">Reporting Business Income and Expenses</A>&nbsp;you may find helpful.</P> Sat, 01 Jun 2019 15:44:47 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-you-and-your-wife-are-the-only-members-of-the-llc-you/01/175931#M5724 MarilynG 2019-06-01T15:44:47Z