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216. How Does Personal Use Impact Your Ability to Use the STR Loophole & Other Tax Deductions?

Tax Smart Real Estate Investors Podcast

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How to Deal With Short-Term Rentals in Partnerships

With short-term rentals in partnerships, you treat it like an actual business. You aggregate all partners' personal use of the activity to determine if the losses are going to be capped or not. And then the material participation piece is looked at on the individual level. So each individual partner has to materially participate if they want to use the tax losses that are created from investing in these short-term residences.

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