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PODCAST
Tax Tuesday Episode 85: Write Off Expenses
...I always talk about the accountable plan. Everybody says, “What the hell is an accountable plan?” I’ve been doing this for 20 years. Every time I talk about it, they used to say, “What’s 280A?” Now, everybody knows what that is because of Airbnb but it’s like you get the recurring theme. An accountable plan–you have to be an employee....
https://andersonadvisors.com/podcasts/tax-tuesday-with-toby-mathis-12-11-18/ -
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How Short-Term Rentals (STRs) Unlock Deductions For Real Estate Investors
...the strategy into two lanes. How Do Short-Term Rentals Create Real Tax Savings? You’ve probably heard the pitch: “Buy an Airbnb, do a cost seg, take bonus depreciation, and wipe out your W-2 taxes.” Parts of that are true. Parts of it are internet fiction. The tax benefit comes from combining two lanes: Lane A: Create deductions through depreciation, cost...
https://andersonadvisors.com/blog/how-short-term-rentals-strs-unlock-deductions-for-real-estate-investors/ -
PODCAST
Tax Strategies and Tips for Starting an Online Business
...he mean by we do everything? You clean it, you rent it. You’re the one putting it on to air Airbnb. Nobody else is running it. You don’t have a manager managing it. You’re doing it. You’re doing everything. Otherwise, you and your spouse combined would have to do a hundred hours or more. I could hire a manager, but...
https://andersonadvisors.com/podcasts/tax-strategies-and-tips-for-starting-an-online-business/ -
PODCAST
Can You Deduct Tenant Damage and Cleanup Costs on Your Taxes?
...have to meet that. Whenever we’re talking about material participation, we’re talking about like when you’re doing a short-term rental loophole. This is the same test. You have materially participated in your Airbnb if you want to make the loss non-passive, otherwise it’s just a passive activity. What’s a great example of it? We open up a pizza shop. Eliot...
https://andersonadvisors.com/podcasts/can-you-deduct-property-damage-on-your-taxes/ -
PODCAST
Proven Property Buying Data Driven Strategies
...You can go in there and look to see why is it that St. George Utah has such an incredibly high ranking. The answer is it’s becoming one of the top retirement destinations in the US. You can do Airbnb there, you can do hotel-type place there, and then you can do apartment that are short-term rentals there, and you...
https://andersonadvisors.com/podcasts/proven-property-buying-data-driven-strategies/ -
PODCAST
Real Estate’s Biggest Tax Loophole Cost Seg + 1245 Exchange Explained
...example if you could where it improved cash flow. Helping out a property owner. Do you have anything you could just throw at us? Chris: Yeah. I think we could just stay on that $200,000 example because we do a lot of those. Often times people think it’s only the really big complex properties, but a lot of Airbnbs that...
https://andersonadvisors.com/podcasts/real-estates-biggest-tax-loophole-cost-seg-1245-exchange-explained/



