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How to Get the Tax Benefits When You Buy a STR at the End of the Year
Manage episode 487536240 series 3503000
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How Can You Maximize Tax Benefits When Buying a Short-Term Rental at Year-End?
Are you struggling to figure out how to take advantage of tax benefits when purchasing a short-term rental towards the end of the year?
Many people are motivated to use real estate tax loopholes, especially for short-term rentals. But when you're buying towards the end of the year, how do you make sure you get your required hours in?
BY THE TIME YOU FINISH LISTENING, YOU’LL DISCOVER:
- How to make sure you complete your 100 hours of material participation by year-end
- Creative ways to accumulate hours quickly—even if you’re managing the property remotely
- How to leverage these hours to unlock significant tax benefits like bonus depreciation
RESOURCES MENTIONED:
- https://semiretiredmd.com/material-participation/
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