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- See you this WEDS to show you how to legally offset tens of THOUSANDS in taxes
See you this WEDS to show you how to legally offset tens of THOUSANDS in taxes
Summary
This video explains how short-term rental hosts can legally offset tens of thousands in taxes through cost segregation studies. The presenter, Bill Faith, highlights that the Tax Cuts and Jobs Act of 2017 allows for 100% bonus depreciation, which can significantly reduce tax liabilities. He emphasizes that this is a legal strategy written into the IRS tax code, but many CPAs may not be aware of it.
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The Town of Montgomery is finalizing a new short-term rental law. Details are pending, but the new regulations will impact local hosts. Hosts should prepare for potential permit requirements, and ensure compliance to avoid penalties. Finalizing new regulations signifies an increasing trend of local governments regulating STRs.
A bill concerning Arizona's short-term rental market is likely dead after missing a crucial Senate hearing. This indicates potential legislative stagnation on the issue. Hosts should monitor any future developments from local authorities. Failure to pass the bill could impact future regulations for STRs within Arizona.
A bill concerning Arizona short-term rentals appears to have failed, according to a recent report. This means potential new regulations or adjustments to existing laws may not move forward at this time. Hosts should stay informed about the status of local legislation that could impact their operations.
Curated by Learn STR by GoStudioM



