Checking accounts for vacation rentals in LLC vs. Personal
I have one vacation rental and looking to add a second property. We currently have an checking account for VRBO/Airbnb deposits that's part of our personal accounts (though it's a separate account). Our state requires getting an EIN to remit taxes for Vacation Rental revenue. We have an LLC and a checking account for the LLC and an EIN tied to the LLC - I guess my question is: should we switch over the deposits to our LLC checking account? The property is not in the LLC.