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Owned by Ryan

๐Ÿ  Lower Taxes w/ Ryan

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313 contributions to ๐Ÿ  Lower Taxes w/ Ryan
Deduction timing
Purchased our first STR in July 2026. Adding a pool that may take 4-5 months to complete, and rental may not be in service until January 2027. Can I still claim the bonus depreciation and everything for tax year 2026?
2 likes โ€ข 22h
No, property has to be in service/listed for rent by 12/31 to be able to claim bonus depreciation. Just claiming bonus depreciation isnโ€™t good enough either, you also want to make sure you have 2 stays of 7 days or less and hit your material participation hours before year end in order to take the rental loss against your active income -Ryan
Tax loophole
Im trying to qualify for the STR tax loophole 100+ and more than anyone else. My cleaner does all her billing through a company name. When making sure I participate more than her, am I chasing the one actually doing the cleaning or everyone within that company? Different people do the cleanings, however all the charges are through the same company name. TIA
1 like โ€ข 3d
@Neetha Sindhu yes
1 like โ€ข 3d
@Sean Currie say each cleaner did 60 hours total in the year. Your 100> each individual 60, even tho they combined to be 120.
My starter post!
My goal is to save on taxes so I can continue to scale up and acquire more properties to secure my future. I just purchased my 4th property (9 doors) but I feel like there is so much blue sky ahead. I was "retired" from my corporate officer position after 16 years when the company I worked for sold and they brought in their own COO. I've never been without a job working for someone else so I'm just trying to make a go of it on my own. I'm in AR but want to expand my portfolio to other states and possibly countries. I am super excited to get started!!!๐Ÿ˜
0 likes โ€ข 4d
Welcome! @Jeannie Stringer
Getting Started from San Francisco, CA
Hi! I am a newbie. I am interested in maximizing tax savings so that I can better fund and build my STR portfolio. My goal is to create a passive income stream and asset base for retirement. I am very early in my journey (and very late getting started @60yo) with one STR in North Lake Tahoe, CA that was launched officially this year. As I am still working my W-2 job full time, I want to make the best of hte next 5-10 working years ahead of me.
1 like โ€ข 4d
Welcome Dawn glad to see you here!
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@cpa
๐Ÿ‡บ๐Ÿ‡ธ Skool Mayor: Chicago ๐Ÿง‘โ€๐Ÿ’ปCPA for real estate investors and business owners ๐Ÿ† Longest Skool Webinar (12.5 hours)

Active 1m ago
Joined Aug 8, 2025
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