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3: Tax Secrets To Grow Wealth For Short Term Rental Investors
Patryk Real Estate Show - Short Term Rentals
The Benefits of Short-Term Rentals
Before 1986, all the income was considered one. Congress put a stop of this by saying there's two buckets of income now. You're gonna have non-passive income and you're gonna have what's called passive income. The reason why short-term rentals are the most beneficial form of tax perspective is you don't have to be a real estate professional in order to take the short-term rental losses against your W-2 or business income. It's very beneficial for high W-2 earners, tech earners, doctors, lawyers, I even have other CPA's clients who use those tax losses to offset their W-2.
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