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Housekeeping Agreement Template 👉 https://docs.google.com/document/d/13sMkLM3KVU6fZg8BAPRlmtT-U52NIp9N/
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We’re diving deep into the world of tax strategies for short-term rental investors with the renowned Amanda Han, a real estate CPA and tax expert. If you’re in the Airbnb business, this episode is a must-watch as Amanda shares how to take advantage of the short-term rental tax loophole to offset your W-2 income, even if you don’t qualify as a real estate professional.
With over a decade of experience, Amanda has helped countless real estate investors, including myself, save thousands in taxes while building wealth through real estate tax deductions and depreciation strategies.
We also discuss critical tax updates for 2024, including changes to bonus depreciation and how it impacts your tax filings. Amanda walks us through the best practices for tracking material participation hours, which are key for audit-proofing your Airbnb business.
Whether you’re new to the short-term rental market or a seasoned pro, Amanda’s insights into real estate tax benefits could make a huge difference to your bottom line. This episode is packed with actionable tips, so get ready to take notes!
In this episode, you’ll learn:
0:00 – Intro
8:05 – What is Material Participation
12:30 – Airbnb Tax Loophole
24:15 – Preparing for Potential IRS Audits
28:10 – Best Practices to Audit-Proof Your Airbnb Business
32:00 – Updates on Bonus Depreciation for 2024
34:20 – Outro
For more great tips, make sure to visit Amanda’s site at KeystoneCPA.com where you’ll find a free eBook on short-term rental tax strategies. And don’t forget to subscribe to this channel for more insights into real estate tax benefits, Airbnb tax deductions, and other tips to maximize your profits as a short-term rental investor!
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#rentalproperty
#realestateinvesting
#shorttermrentals
