That's a taxation status, nothing to do with its legal status. 

I finished my MBA in finance, which included accounting courses, so I thought I know enough about accounting, especially depreciation,1031's, taxation that I can handle doing accounting and filing taxes myself.At the time, I've been advised that I should have good CPA's and tax advisors if I'm engaged in so many businesses.

So, the taxation is really the same. 

@Andrew GrantI recommend finding an accountant that specializes in real estate taxation.

@Tanner BundyI recommend finding an accountant that specializes in real estate taxation.

@Mathew MathewI recommend finding an accountant that specializes in real estate taxation.

You are required to report worldwide income.You would have been required to report the income even if you did not get a 1099-K from airbnb.Depreciation is reported diferently for properties that you own abroad.If you have more than $10,000 in US equivalent, you would be required to report the bank account info to the US.There is likely a US - Kenya tax treaty that you may need to familiarize yourself withYou may get a foreign tax credit for taxes paid to Kenya(to avoid double taxation)

@Troy Welch,I recommend finding an accountant that specializes in real estate taxation and financial planning.

This symbiotic relationship can prove invaluable as you navigate the complexities of real estate taxation and financial planning, ultimately propelling you towards greater financial success.

Seems like the backlash to the Colorado STR taxation bill is already having some effect.