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    • Created with Sketch. With the 7/31 Form 5500 deadline nearing, we've put together a list of resources to help you during this deadline period.
    Created with Sketch. With the 7/31 Form 5500 deadline nearing, we've put together a list of resources to help you during this deadline period.
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    AirBnb

    pvilarreal
    Level 1
    ‎02-03-2021 11:03 PM

    Los Angeles required my clients to shut down their Airbnb.  Threre is $1200 remaining on the depreciation schedule.  Not sure if LA will allow them to reopen.  What should I do with the Depreciaiton Schedule?

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    1 Comment 1
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎02-04-2021 06:58 AM
    If they were shut down due to Covid, AirBnBs will be allowed to reopen at some point. I wouldn't do anything with depreciation, its just a temporary situation.

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