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857 views22 days ago0m 52sScore: 75

Michael Chang

Regulations & Compliance
beginner
Tax Strategy
Profitability
Expenses
Bookkeeping

Summary

This video clip discusses the short-term rental tax loophole. It is different than investing in long-term rentals because, if you meet certain requirements, you can use losses created on paper from those rentals, from depreciation to deduct against all other types of income on their return. Real estate could be a side hustle, and you can potentially use the losses against all types of income to reduce your overall tax burden.