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Summary
This video explains a tax strategy for short-term rental hosts, particularly those who are also stay-at-home parents. It highlights how actively managing an STR can reclassify rental losses from passive to active, allowing them to offset W-2 income and potentially save significant amounts on taxes. The video promotes a free STR wealth and tax calculator.
More from Regulations & Compliance
The Green Bay City Council is set to vote on new short-term rental rules, which will likely impact local hosts. Details about the specific regulations are not yet known, but hosts should prepare to understand and adapt to the changes. Stay informed about the upcoming vote.
This article discusses the need for housebuilding to address temporary accommodation challenges. It argues that short-term solutions are not enough and should be supported by building more houses. This highlights the ongoing debate about housing affordability and its relationship to the STR market.
Hawaii's hotel industry and the governor are seeking to eliminate 30,000 vacation rentals. This move reflects ongoing tension between traditional hotels and the rapidly expanding short-term rental market. The potential reduction could reshape Hawaii's tourism landscape and affect rental income for hosts, alongside a shift in tourism economics.
Curated by Learn STR by GoStudioM