What Your CPA Gets Wrong About The STR Tax Loophole | Amanda Han & Matt MacFarland from Keystone CPA

Summary

This video features Michael Chang interviewing Amanda Han and Matt MacFarland from Keystone CPA about the short-term rental (STR) tax loophole. They discuss material participation tests, the importance of a grouping election, what activities count toward your hours, an IRS audit case study, depreciation, red flags with CPAs, and documentation best practices for an audit. They highlight the value of the STR tax loophole for high-income W2 earners and discuss the need to have a qualified CPA.