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Summary

The video describes a tax strategy using short-term rentals to reduce taxable income. The hosts purchased a short-term rental property for $718,000, ran a cost segregation study to identify bonus depreciation ($156,946, excluding land), and materially participated by managing it for over 500 hours a year. These actions allowed them to deduct over $200,000 in the first year and save $54,931 in taxes while building their STR portfolio and generating $73,715 in annual cashflow.