Why Short Term Rentals Can Save You on ALL Taxes 

Thanks for continuing to teach us this. 🙏🏾

Excellent, Karlton! Thanks for sharing your expertise on this topic!

4:40 timestamp 7days or less 6:15 timestamp 30 or less while providing services

Man, your channel is the SHIT!!! The way you explain the information is exquisite. I appreciate you for your help. Thank you

Please make a video on depreciation recapture!!🙏 asap

Excellent presentation of the information! Thank you.

Great video Mr. Dennis as always. Thank you sir.

Thank you!

How much can you depreciate to minimize your income taxes to justify the hassle of running a short term Airbnb? It's great to learn the info but most people aren't going to do this.

I'm surprised you didn't say anything about the 100 hour rule for materially participating 1 of the 7 ways to unlock the loophole

FANTASTIC VIDEO!! 🔥🔥🔥

No one Explains this better! Thank you!❤🙏

Great information

I learned more from you than I did in K-12

Great information! Soooooo Beneficial!

Karlton, I am a high W2 earner in the 35% tax bracket. I'm planning to upgrade my home, but unsure if I want to sell ($100-150K tax free cap gains will be had) or utilize it as an airbnb for tax savings. Would love to hear your opinion... I signed up for a consultation ... hope to hear back soon!

Really enjoying these very informative videos, and love your passion for the subject. You're a natural and gifted teacher. Question on short term rentals: Assuming seven days or less, how many times a year must you rent it to qualify? What if you only rent it 2 or 3 times a years. Say, 21 days max, is that enough? Also, you mention depreciation, but what about expenses like lawn care or pool cleaning? Can those be balanced against Active W-2 income? Also, from your previous videos, I'm assuming I should set this rental property up in an LLC.

Awesome video! Please can you share your thoughts on the 100K W2 income limit?

Hi Karlton what can you advise on overseas short term rentals?

What if it’s a seasonal property, how much of the year does it have to be rented out to right off against W-2?

AWESOME RECAP on Short Term rentals

Hi, question. How does this work with the new Tax changes? Thank you.

Pure game💪🔥🔥

Is there a minimum amount of nights the Airbnb needs to be rented for the year to qualify for the tax loophole?

Hi, thank you for this information. How much can you depreciate to minimize your income taxes to justify the hassle of running a short term Airbnb? average?

Can you do this with an ADU?

Could this work with renting an rv on places like RV share? It’s just like air b n b

so based on rentals that are 7 days or less do i report the income on a schedule e or c?

Hi Karlton. How do I contact you privately for your services? Thank you.

I have an A-frame cabin in Lake Tahoe and actively promote/advertise local services such as 'in-cabin massage' and 'personal chef' to my STR...is this considered material participation? I am also on Peerspace for photoshoot, day-time rentals...is this 'non-exclusive use'?

16:47 what benefit does a series 8 if any . I’m thinkin about llc and series 8 and what else …. 😢

Great info. Wondering this. If the LLC has several residential rentals (say 4 in this example) and one of the rentals is STR does that mean I now obtain Rep Status and can now unlock the material participation status of all the other rentals as well? Or, does the status only apply to the losses on the one STR?

Can I do this using my basement? 1bd 1 bath 1 living room 1 kitchenette renting a portion of my house as an air bnb?

Does owning a rental aboard give u the same tax benefits

That seem like a lot of work. You mentioned you can a rep for 750. Do you have to submit those hours or just need that handy in case of audit ?

Mastermind ✊🏾

You are awesome

Does the strategy work on foreign short term properties

Karlton, great video. Is there a minimum amount of nights a short-term rental must be booked per year?

Is running a management company to manage a commercial property considered a real estate professional activity to offset active income?

is a fix n flip considered active and get the same good writeoffs?

KD you got me feeling like a official unofficially EA 😂

@Karlton @Admin, what if you charge by week? Can the code be applied then? Rooms are rented by the week. Most people keep renewing weekly and stay a couple of months. Will this strategy apply in this situation? Thank you for sharing your knowledge with us! :)

airbnb is a bit complicated since now all the cities want to get a piece of the cake. You have to get them approved by the city before renting the property to any renter.

My three favorite channels: Karlton Dennis, Stock Brotha, & Richard Fain. Make my week complete!

Real Estate Professional Log Booklet??? Where's the free copies at goat

how do you add services if you live out of state? can you pay people locally to "provide the service"

The problem with this strategy is that if and when your rentals show a profit (I mean, isn't that the goal of any investment, to make a profit), you will now have to not only pay income tax, but also a 15.3% SE tax on top.

Can I do short term rental for a month to get this tax savings and then lease for a long term rental?

Hi Karlton, can accelerated depreciation loss be deducted from K-1 income tax? Or interest income? I appreciate it. 🙏

Can you please let me know where the IRS states that short-term rental that are rented less than 7 days can be declared as a ordinary income instead of passive income.

Will you do my taxes

Way to go Reagan 🙄

the guy just made it to the washington post for giving "illegitimate tax" advice. i wonder if the IRS agent is coming after these online influencers.

1,000th like!!

First

Carlton - are you solely doing these videos to funnel clients to force use your company for real estate investing. Because i tried calling your company for advice and they wouldn't entertain me unless i sign a contract with them. That's fucked up