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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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The Tax Loophole for Short Term Rentals

The two bailey cases, the tax cor basi ad because it's not a rental activity. The internal revenue code section four 69 applies all these limitations to qote rental activities. But just because they're not rental activities doesn't mean that they couldn't potentially be one of those other ten real property trades or businesses. Tom: I would be very interested to see if somebody ever took the issue to tax court and called their short term rental operation a real property business.

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