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We are starting a company that rents out vacation homes from…

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We are starting a company...
We are starting a company that rents out vacation homes from homeowners annually (and sometimes monthly), and then re-rents/subleases the homes directly to consumers via VRBO, AirBnb etc.When we rent the home annually, that qualifies as an expense, correct?
Submitted: 4 months ago.Category: Finance
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Answered in 19 minutes by:
3/19/2018
Financial Professional: PDtax, CPA, MBA replied 4 months ago
PDtax
PDtax, CPA, MBA
Category: Finance
Satisfied Customers: 5,092
Experience: Tax professional and business consultant for 35 years.
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Hi from Just Answer. I'mCustomer and can assist.

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Financial Professional: PDtax, CPA, MBA replied 4 months ago

yes. your rent paid to the homeowner is an expense. Rents received would be income over the same period.

Thanks for asking. Positive feedback is appreciated. Five stars is best. I'mCustomer

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Financial Professional: PDtax, CPA, MBA replied 4 months ago

Hi again.Customerhere.

Can I ask for positive feedback to complete your request? Thanks.

Customer/p>
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Financial Professional: PDtax, CPA, MBA replied 4 months ago

Hi again.Customerhere.

Do you need anything further? If your question has been addressed, please rate my response to close out your request.

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