I am going to be taking over hosting duties for a friend who owns a property. Going forward, we would like some of the rental income to be recognized under my tax ID so we don’t run into any issues w/ Uncle Sam.
Has anyone done this before? I am thinking the preferred scenario would be two separate bank accounts tied to our listing with our agreed-upon percentages going into each account. Will it be as simple as him adding me as a co-host? And then we can choose how the rental income is allocated? Or should we be going about this a different way.
I will of course reach out to Airbnb for their support, but I often find the users of this forum know better than Airbnb customer service so I wanted to ask here as well.