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316 contributions to ๐Ÿ  Lower Taxes w/ Ryan
Monday night Tax Q+A! 9/1
Everyone is welcome to join! Monday night! https://www.addevent.com/event/vr8q93t4q356
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10AM/3PM Calls
Hi Everyone! I had to get a wisdom tooth pulled out yesterday so it's hard to hold a conversation so i will cancel my calls today, but if you shoot me a message i will get back to you thanks and have a good weekend!
0 likes โ€ข 9h
@Priya Sodhi Thank ya
1 like โ€ข 9h
@Cianella Crystal thank you!
Poll/Advice
Very busy professional full time job and do not qualify for REPs. Already have 2 STR self managed. 1 LTR. This question is about the LTR. 1) in a highly desired neighborhood of Long Beach, CA 2) potential for increased rent with LA Olympics in 2028 3) At the moment, it cash flows $1-2K a month. Property taxes remain a burden ($13K/year). In the end, $12k isn't that much of a gain for us when we think about home maintenance in the future (an older home) 4) Cap gains would be quite a bit. Would you sell and use the money to invest in the market, or keep it? We've considered converting it to an STR as well, but we are just a husband and wife team and are stretched thin. @Ryan Bakke, CPA
0 likes โ€ข 1d
@Clementine Vo yep correct, that's a sell!
1 like โ€ข 1d
(Sale Price-Loan Value)/ Net Cash flow
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?
3 likes โ€ข 5d
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 7d
@Neetha Sindhu yes
1 like โ€ข 7d
@Sean Currie say each cleaner did 60 hours total in the year. Your 100> each individual 60, even tho they combined to be 120.
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