We have an LLC that bought a house in FL. . . . It will be a short-term rental the remainder of the year.
IMHO this is a reportable investment property. The LLC intends to generate income from the property.
PDF page 167 in the 2023 GIR.
If a corporation purchases a property that is a Dwelling and uses it for the long-term residence of its employees, the property is an investment property, even if the corporation considers the property as owned for business purposes rather than investment purposes, does not generate income by renting the property, and does not intend to generate income by selling the property. If the property is for transitory use by employees, the property would not be considered a Dwelling. Comment 4(a)(6)-4.
The opinions expressed are mine and they are not to be taken as legal advice.