Does 14 day rule, to avoid reporting taxable income, apply to an LLC?

Richard3068
Level 1
Aptos Hills-Larkin Valley, CA

Does 14 day rule, to avoid reporting taxable income, apply to an LLC?

Our MI summer cottage is an LLC whose members are an extended family. We are considering renting it out a few weeks each summer. I understand that renting a mostly personal-use property for 14 or fewer days does not require paying income tax on that income. But...  Does this "14-day rule" also apply to an LLC (Limited Liability Company)? 

1 Reply 1
Lorna170
Level 10
Swannanoa, NC

@Richard3068  You need to discuss this with your accountant.