All Forum Posts by: Michael Turner

New to the forums, and I haven't been able to find the answer to this question yet (I apologize if its been answered already). 

My wife and I own a STR property via an LLC in which we are the sole owners. The LLC is in a community property state and thus is not a partnership but a disregarded entity.

For material participation, would our combined time in the property need to exceed 100hrs and greater than anyone else? Or would it be more like a partnership where only one of us would need to show more than 100hrs? Basically are the two of us treated as one "individual" with this structure?