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Loftium Unwittingly Forms General Partnerships with Homebuyers

medium.com

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Re: Loftium Unwittingly Forms General Partnerships with Homebuyers

#3
post #2

What happens if local regulators ban or limit AirBnB use of that property?

Also, what's are the tax consequences of getting income from a partnership? Would the partners need to get a tax ID number for that entity, fill out corporate tax forms, etc.?