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🏠 Lower Taxes w/ Ryan
1.4k members • $1/year
3 contributions to 🏠 Lower Taxes w/ Ryan
26d •
W9
I closed on a property last week. The property and mortgage are held by an LLC. The property LLC is held by a Wyoming LLC that myself and my wife own. I need to fill out w9's for airbnb and vrbo. I am lost on what i select. Is this a single member LLC since the properties LLC is held by another LLC? Is this a C corp? Is this a disregarded entity? Any help is appreciated.
0 likes • 26d
i am so confused
0 likes • 25d
@Mason Kimball, CPA Mason, Thank you. I live in NJ. Property is in FL (Property LLC) parent LLC is WY The articles for the property list the principal office as the property address. the mailing address is my virtual mailbox address. and also the address of the registered agent. The parent LLC has the address of the registered agent. the mailing address is the virtual mailbox address i have. the principal office address is also the virtual mailbox address. which LLC to i enter on the w9. the property LLC should be a disregarded entity with no tax return, so i assume i put the WY LLC since that is the partnership that will file an actual tax return. I definately don't want to put my personal address, but AI thinks I need to or risk issues with the bank. I couldn't have imagined how complicated filing out a W9 would be.
Jun 3 •
Holding LLC credit card
Can a holding LLC have a credit card and submit to sub llcs for reimbursement?
Mar 21 •
OTA fee's for book keeping
I use Baselane for banking/ book keeping. It's been a great $0 option. Has all the reports and classifications I need. But I am stuck on OTA hos fee's. My OTA accounts deposit directly into the selected account. I assign the deposit as short term rent. The issue i have is this deposit is the net proceeds after the OTA has taken their cut. Accurate book keeping would show the full rental revenue (and cleaning fee's) then an expense for the OTA host fee. Do i need to make 2 additional entries for this? 1. Add the OTA host fee as rental revenue. 2. Add the OTA host fee as a commission expense? this would net to $0, but would help the revenue match the 1099 from the OTA's. Thanks for the help, sorry if this has been answered before. I did a search first and couldn't find anything. Bill
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@william-fearon-6486
New to short term rental world. Enjoying the journey and hoping it's just the start.
Active 16d ago
Joined Sep 22, 2025
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