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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 Limit Your Partnership's Losses

It's important to talk about that, especially if ideally even beforehand, if maybe you're writing your operating agreements. If partner A spends 10 days in the rental property and then partner B spends another 10 days, we're at 20 days there total for the partnership. So GPT can stay at my property for a little bit. Exactly. Not aliens. Not an AI post. That is from ours. We've kind of talked about this in some prior episodes and it can be sound very dichotomous to a lot of even tax professionals because the word person in the IRC is actually referring to individual human beings as well as entities as well.

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