Updated about 3 years ago on . Most recent reply
NAIC code for short term rentals
This is tricky for me. What NAIC code do I use to register my short term rental. I googled it and some are saying 721199 for all other travel accommodations, 531110 for Real estate rental or leasing of residential building and dwellings, 518210 Data Processing, Hosting, and Related Services, 721100 Travel Accommodation/hotel, motel and B &B, 531310 Real Estate Property Managers. I do plan to eventually buy more but I don't think that should matter on which code I pick out. But it does confuse me when they ask for the businesses physical address. If I get the wrong code could it cost me in tax deductions?