My US LLC Is Now on Airbnb. What Changed for Canadian Tax? Everything, Because Canada Thinks the LLC Is a Corporation
September 7, 2026
A Canadian who put a US rental into an LLC and lists it on Airbnb has a US disregarded entity earning rent and a Canadian foreign affiliate earning FAPI. Here is what the LLC does to the Canadian return, the Form 5472 the US now requires, the platform's W-9 and 1099-K, and how to unwind it.
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