Lodgify Webinar: U.S. Tax Hacks - How to Save 5-6 Figures With STRs

LodgifyMay 15, 202551m 56s295 viewsScore 90
Regulations & Compliance
advanced
STR tax loophole
material participation
cost segregation
bonus depreciation
tax savings
M

Summary

AI-generated

This webinar explains how short-term rental hosts can leverage tax loopholes to save significant amounts of money. Learn about material participation, the 7-day rule, and how cost segregation and bonus depreciation can turn rental activities into powerful tax-saving business opportunities.

Key insights

  • Cost segregation studies break down property components into shorter depreciable lives (5, 7, 15 years) instead of the standard 39 years for commercial property, accelerating depreciation deductions.

Mistakes to avoid

  • Failing to keep a credible time log for material participation can lead to IRS scrutiny and difficulty defending your tax claims, potentially resulting in losses being reclassified as passive.

Tools & resources

  • Toggletool

    Toggle is another time-tracking application that can be used to log hours for material participation in STR management.

Frequently Asked Questions

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