I did a search on this topic, didn’t find it being discussed. If there is a current thread, please kindly point me to it, and I will delete this to avoid cluttering this board.
I recently finished renovations on a property I bought with a partner. We set up an LLC for the property, and now are listing it on AirBnB and VRBO. I filled out the W9 form as an LLC partnership about a week ago, and the status is still pending validation. This leads me to ask 3 questions:
Can I set up my payout to our LLC’s checking account without the tax information being validated? Everytime I try right now, it will only let me proceed if I enter an individual’s name.
Has anyone else experienced a long waiting period for their tax information to be validated? I called AirBnB twice and the first time they said it would take up to 14 days, the second time they said they have no control over the process and I should call the IRS.
For the people that experienced a long waiting period, what was the end result?