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STR 07: Renting Out a Room or Part of Your Home as an STR & Do STR Hours Count Towards REPS?

Tax Smart Real Estate Investors Podcast

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Do Rental Hours on Shore Terrental Properties Count Towards the Real State Professional Status?

Part of the shore terrental loophole is, when you have an average state of seven days or less, it's not considered a rental activity. And there's a tax court case out there called bailey verse commissioner. A taxpayer tried to assert that the hours they spent on their short term rental property counted towards the real state professional status. The tax court came back and said, well, because it's not a rental activity, because it’s excluded as rental activity, is not a real property tradeor business.

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