Episode 394 - The Tax Strategy STRs Investors Use To Save THOUSANDS Explained

CONTACT MIKE & KEVIN: https://www.revotaxpayer.com/ WEBINAR LINK: https://shawnmoore.clickfunnels.com/optiniyvvg89s Want to learn more about Vodyssey or start your STR journey. Book a call here: https://meetings.hubspot.com/vodysseystrategysession/booknow?utm_source=vodysseycom&uuid=80fb7859-b8f4-40d1-a31d-15a5caa687b7 FOLLOW US: https://www.instagram.com/vodysseyshawnmoore https://www.facebook.com/vodysseyshawnmoore/ https://www.linkedin.com/company/str-financial-freedom https://www.tiktok.com/@vodysseyshawnmoore CONTACT US: [email protected] Chapters 00:00:00 Intro 00:00:23 Meet the guests and discuss the importance of strategy 00:00:58 Timing and planning for end-of-year asset purchases 00:01:27 Debunking myths about bonus depreciation qualification 00:02:24 Active participation and managing short-term rentals 00:03:19 Material participation and management roles 00:04:50 Active involvement without managing day-to-day operations 00:06:14 Qualifying as an active participant in a trader business 00:12:56 Understanding the $512,000 limit and tax law changes 00:14:20 Limits for high W-2 earners and carryforward strategies 00:16:19 Using bonus depreciation and cost segregation effectively 00:20:57 Purchase price allocation and its importance in real estate deals 00:24:02 Passive vs. active rental properties and tax implications 00:27:21 Market environment and negotiating strategies 00:28:15 The importance of proactive planning and expert guidance 00:29:43 Final thoughts on tax strategies and wealth building