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Summary
Michael Chang discusses the potential impact of the new Trump tax cuts, specifically focusing on 100% expensing and bonus depreciation for short-term rental hosts, with a focus on how hosts can save on taxes. Bonus depreciation can greatly increase tax savings on a $500,000 purchase versus only 40% bonus depreciation. Hosts should focus on finding the right property that cash flows and appreciates and that tax savings are the icing on the cake.
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Curated by Learn STR by GoStudioM