Published On Premiered Sep 21, 2024
Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://calendly.com/d/3w4-27y-k3t/50...
Consider, "Get your FREE personalized tax strategy video! Just answer a few quick questions here:
https://docs.google.com/forms/d/e/1FA...
Join our FREE weekly Tax Q&A sessions on Wednesdays at 3pm at: https://us06web.zoom.us/meeting/regis...
and let us tailor a tax plan that works for you!
In this episode, Mark Perlberg, CPA, dives deep into short-term rentals and the tax strategies surrounding them. Are short-term rentals the goldmine that influencers claim, or are there hidden dangers you need to be aware of? Mark explains everything from tax savings and loopholes to the real risks of depreciation recapture. Understanding the tax implications is crucial before diving into short-term rental investing, whether you’re a real estate investor, W-2 earner, or business owner.
Learn about the most common tax planning mistakes, how you can avoid them, and why proper tax strategy is vital for long-term wealth creation.
✅ For more in-depth tax planning strategies and to connect with our elite tax advisors, visit markperlbergcpa.com
💬 Comment “CPA” if you’re interested in joining our FREE live events or accessing a free tax assessment!
📩 Don’t forget to join our mailing list for exclusive content, live webinars, and much more at markperlbergcpa.com
Chapters:
• 00:00 - Intro: Common Short-Term Rental Tax Advice
• 00:56 - The Short-Term Rental Loophole Explained
• 02:10 - Limitations on Short-Term Rental Tax Deductions
• 04:00 - Pitfalls and Misconceptions of Cost Segregation
• 06:21 - Misconceptions of Material Participation
• 08:00 - Why Managing Short-Term Rentals is Harder Than It Looks
• 10:37 - Depreciation Recapture & Hidden Costs of Selling
• 15:03 - Alternative Tax Strategies Beyond Short-Term Rentals
• 19:44 - Winning the Tax Game Without Short-Term Rentals
• 25:12 - The Real Value of Your Time in Real Estate Investing
• 27:33 - Closing Thoughts and How to Learn More
