Using business as personal property?

2 Replies

Just curious but say if I had a property on the beach I was using as an AirBnb kind of property and I wanted to use it 2 weeks out of the year.  Can you do that, or do you need to pay yourself rent or something like that?  This property would be under an llc so logically would be separate from personal property.

@Brandon Ellis , it only makes sense that you would have to visit your property at least once a year for inspection, small repairs, market research, etc. Of course, that entire trip would be a legitimate business expense and tax deductible. Chat with you your CPA.