S elected LLC to hire a property management company to company STR

[Dali Wei]

I talked to a CPA firm and they told me that if I have a S elected LLC to manage the Airbnb (even hiring another property manager through the LLC), the income of the rentals of Airbnb can be considered as income through business and the deprecations of the property (such as bonus deprecation) itself which brings losses to the business can be used to offset the W2 income. I didn't find any explicit information around this. Wondering if anyone could point me to some links online for this and welcome any comment on this as well.

[John Malone]

@Dali Wei just replied to your other post on this same topic. What is described is not going to work well and unnecessary.