How This Tax Trick Saves You Thousands!

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Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Profitability
Expenses
Bookkeeping
Investors

Summary

This video outlines a tax strategy for high-income earners utilizing short-term rental properties. By purchasing a property, running a cost segregation study to create a paper loss, and achieving "material participation", the resulting paper loss can offset W-2 income leading to a potential tax refund and additional cash flow from the rental itself.