My clients own a second home which they rarely use but want to keep to pass on to 2 adult daughters when they are gone. Daughters suggest they set it up to be an AirBnB which they will "do all the work" so the parents don't have to do anything. Only parents own the house but the daughter set up her name and social security number with AirBnB. Daughters open bank account to deposit receipts and pay any expenses related to the rental.

Shouldn't the income (1099) be in the parent's name? Can non-owners rent the property out? Other income to the daughters with no expense deduction? Put Mom on "rental" bank account? Daughters be treated as "rental agent" as a pass through?

So far everything I've read on AirBnB's I don't find the situation where the owner is not the one renting it.

Thanks for any advice.