Jul '24 • General Discussion
Need to buy ASAP!!!!!
Went to see my CPA today to file taxes for both personal and business, long story short I have to PAY UNCLE SAM!!!!!!!!😤😡🤬. He advice me to buy real estate for tax deductions, specifically Air bnb properties because they are considered active income. I personally like the Padsplit model way more, my question is; is Padsplit considered active or passive income for tax purposes? My CPA was not familiar with the co-living business model. Please enlighten me 😁🙏
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Need to buy ASAP!!!!!
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