This Mistake DESTROYS your STR Tax Deductions!
This video reviews a 2020 tax court case (Lucero v Commisisoner) and explores why a short rental owner lost their IRS audit and tax court case. Losing cost them $42k in tax deductions. Ultimately, the investor did not maintain a timelog but I discuss specific areas the Tax Court examined in this video. If you are investing in short term rentals and benefiting from the STR loophole, you should watch this video all the way through as you'll learn what NOT to do. Get our free 4-day email tax strategy course: https://go.therealestatecpa.com/3A5qQS7 If you want to connect with my firm for a discovery call, click here: https://go.therealestatecpa.com/4byeu21
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