How One Airbnb Saved $130K in Taxes
Summary
Michael Chang discusses how one of his clients saved $130,000 in taxes by converting their rarely used vacation home into a short-term rental. This involved redesigning for STR success, conducting a cost segregation study to identify components for accelerated depreciation, and applying bonus depreciation to generate paper losses that offset W-2 income.
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Curated by Learn STR by GoStudioM