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737 viewsabout 2 months ago0m 40sScore: 70

Michael Chang

intermediate
Tax Strategy
Profitability

Summary

The presenter claims that high-income earners ($200k+) not taking advantage of the short-term rental tax loophole are overpaying their taxes. He suggests that depreciation losses can be used to offset W-2 or business income, potentially saving six figures in taxes. This tax savings can be used as a down payment on your next short-term rental.