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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 Filter a Personal Use Day

In general, if you're renting out the property below for market value, then that's going to be considered triggering a personal use day. So this fair market rate is primarily to prevent you from having families stay there at a deep discount or close friends staying there at a very deep discount. If you're not charging all of these folks a fair market, then it's just going to count towards your personal use.

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