If you and your spouse make $200,000 a year from your job, you lose roughly $70,000 to taxes

Michael ChangJul 15, 20250m 41s754 viewsScore 75
Pricing & Profitability
intermediate
Tax Strategy
Profitability
Expenses
M

Summary

AI-generated

This video explains how to leverage short-term rental properties to reduce your tax bill through bonus depreciation. By performing a cost segregation study on an STR property, owners can identify depreciable assets, accelerating deductions and ultimately saving on taxes while building a profitable STR portfolio.

Key insights

  • Bonus depreciation can allow you to deduct a large portion of the depreciable assets in the first year.

Mistakes to avoid

  • Without material participation, you can't write off the loss against your W-2 income.

Tools & resources

  • Cost segregation teamservice

    Analyzes the property and identifies depreciable assets.

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial