., cleaning during stays, concierge-type services, meals, etc.).If your wife materially participates (100+ hours and more than any outside help), then the STR side can be treated as non-passive, meaning losses can offset W-2/1099 income.

Quote from @Josh Lewer: @AJ Wong I like the idea, but a boutique hotel is already an active trade or business because it provides substantial services such as daily cleaning and concierge.

The regs define “significant personal services” as things like frequent cleaning, concierge-type help, or other services that go beyond just letting someone use the property.

Peace of Mind: Essentially, we act as an "investment concierge" to handle the complex tax, structuring, and compliance aspects under one roof.Since you're planning to be in South Africa for a while, it might be helpful to have a chat.

The rentals should still be listed under Schedule E unless you are providing more than just a rental(Substantial services such as concierge services).You may want to interview a couple of accountants as this decision of schedule C vs Schedule E can make your return deemed incorrect and increase the chance of an audit.

I have heard about concierge doctors, but that seems risky due to a GP gating access to specialists, relying on that one person (and I'm in a small city so there being more than one is unlikely), it doesn't address catastrophically expensive conditions or accidents.

The tenants get discounts on renters insurance, they get accident coverage if they accidentally break something, they get moving concierge services, utility setup services and they also get access to a 24/7 maintenance number.

. §1.469-1T(e)(3)(ii)(B) short-term rentals (30 days with significant services), the taxpayer was providing full daily housekeeping, meals, concierge, the whole deal.

Lennar concierge said she forwarded the report to construction manager and waiting on his response which may take couple of days.Should i go ahead and take a risk or leave it?

Not sure what else to recommend, maybe add some additional revenue sources vis-à-vis concierge services etc.