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The Ryan Bakke Show

099. Tax Strategies for Short-Term Rental Investors

Sep 9, 2024
26:35

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors

► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠

In this episode, I’m sharing some of the best tax strategies for short-term rental (STR) investors. I dive into the powerful short-term rental loophole that allows you to use rental losses to offset your W-2 and business income without needing to qualify as a real estate professional. I’ll also walk you through the key requirements for material participation, the most common deductions investors miss, and best practices for structuring your STR investments.

Timestamps:

00:00:00 Intro

00:01:49 Real Estate Professional Status vs. STR Loophole

00:02:41 Material Participation Requirements

00:04:20 Common Deductions for STR Investors

00:05:21 Maximizing Tax Benefits with STR Investments

00:06:31 Choosing the Right Property for Tax Purposes

00:08:42 Accelerating Tax Deductions

00:11:06 Cost Segregation Studies

00:16:03 Impact of Recent and Proposed Tax Law Changes

00:17:54 Q&A on Specific Tax Scenarios

Interested in working with me? Apply here:

⁠http://taxstrategy365.com/apply

Let's connect!

► Instagram: ⁠https://www.instagram.com/learnlikeacpa/⁠

► LinkedIn: ⁠https://www.linkedin.com/in/learnlikeacpa/⁠

► Twitter: ⁠https://x.com/LearnLikeaCPA⁠

► Facebook: ⁠https://www.facebook.com/learnlikeacpa⁠

► Tiktok: ⁠https://www.tiktok.com/@learnlikeacpa⁠

*None of this is meant to be specific investment advice, it's for entertainment purposes only.

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