• Turning Your Short Term Rental into a Tax Advantage

  • Aug 2 2023
  • Length: 47 mins
  • Podcast

Turning Your Short Term Rental into a Tax Advantage

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  • Summary

  • Today TC and I are talking to Thomas Castelli, a real estate tax advisor. In this partner profile, Thomas lays out how the IRS thinks about self-managed short term rentals and what steps you need to be taking TODAY so come tax time you'll sleep like a baby. 
     
    0:00 - Intro
    6:15 - Tax benefits you don't want to miss
    12:58 - Tracking and recording your material participation
    34:48 - How to calculate your expenses
    43:43 - Recap

    Connect with Thomas
    https://thomascastelli.com/
    https://www.therealestatecpa.com/

    Connect with Us
    https://strconsultants.co/
    Check out our How-to Videos: https://www.youtube.com/@strconsultants

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