Here is how I use my mid-term rentals to help me save on taxes 👇🏼
Summary
AI-generatedJesse Vasquez shares how he uses mid-term rentals to achieve tax savings through cost segregation and bonus depreciation, leveraging improvements like adding Pelotons or jacuzzis to increase depreciation. He also utilizes an S Corporation to avoid self-employment taxes and encourages investors to explore available tax incentives and attend the MTR Summit.
Key insights
Shifting from a W-2 income to business/investing opens doors to various tax deductions, such as business travel and car write-offs.
Mistakes to avoid
Don't miss out on tax incentives offered by the government for investors. Take advantage of all opportunities to control your tax bill.
Tools & resources
@amanda_han_cpaservice
A CPA who specializes in real estate can provide expert advice on tax savings strategies.
Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial