Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode, we're diving into tax strategies specific to midterm rental (MTR) properties. We explore a unique loophole that allows MTR investors to offset their active income without needing to qualify as a real estate professional. We discuss the importance of understanding the nuances between short-term, midterm, and long-term rentals, particularly when it comes to tax benefits. We also provide practical advice on how to structure leases, provide personal services, and maximize the tax efficiency of MTR investments. We're covering: Differences between short-term, midterm, and long-term rentals for tax purposes Strategies for providing personal services to qualify for tax benefits Practical tips for managing and structuring midterm rental properties How to maximize cash flow and tax savings with midterm rentalsTimestamps:00:00:00 Intro00:01:32 Qualifying for the MTR Loophole00:03:20 Providing Personal Services00:06:45 Structuring Leases for MTR Properties00:10:04 Tax Implications and Strategies00:12:20 Balancing Furnishing and Tax Benefits00:15:07 Tools and Resources for MTR InvestorsWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.

Ver todos los episodios