Updated 6 months ago on . Most recent reply

LLC or self-owned AirBNB RV trailer?
I'm looking to purchase an RV that my family will use some of the time but MOST of the time we will have it listed on AirBNB. As far as Assets I'm wondering which is better overall for liability, income tax purposes, and write-offs:
a) own the RV personally and rent it out to a separate LLC that I create, which then the LLC uses the RV to host AirBNB stays
b) purchase the RV as an LLC asset and rent it out via AirBNB from there