Most people think making more money is the answer
78 views5 months ago0m 7sScore: 80
Michael Chang
Summary
The video discusses how high-income professionals can leverage short-term rentals for tax savings through bonus depreciation and cost segregation. By following the '1-7-1 Method,' which includes keeping stays under 7 days, logging 100 hours of active participation, and structuring the property with bonus depreciation and cost segregation, individuals can apply paper losses from the property to their W-2 income.
