Tax Smart Real Estate Investors Podcast cover image

232. How to Determine The Average Period of Customer Use on Multi-Unit Properties

Tax Smart Real Estate Investors Podcast

00:00

The Tax Code and the Treasury Regulations

The tax code treasury regulations are very, very delineating between like how we have to actually read these sentences. And the interesting thing with this is that in our example, if we have a December 20th to January 10th type of booking, what we find is that that 21 day stay actually has to be counted as a 21 day stay in 2023 and also in 2024. So it's going to be that extended stay is actually going to disrupt your average day, you know, your aim for seven days or less, and actually both tax years. The first part of that phrase includes the last day of the taxable year. We don't even necessarily have to look towards the second part of

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app