Aug 20 • General discussion
Intro
Hello,
Im a public school teacher that invest in real estate on his spare time! Its going well and I have a nice portfolio but my problem last year is that I paid a 25k tax bill because my W2 income jumped up when ny wife started working as well.
I can helpanyone with LTR and STR. I run and manage both for people.
I need help getting rid of that 25k tax bill! I dont want to put money in 403 b or any other tax shelters. I do think the STR loophole will work for me. I bought my STR 5 years ago, can I still do a cost seg study this year? Is it something that triggers IRS audits, or is it a normal thing that everyone does who is eligible?
Is there any other teachers or any couple making 200k w2 that used the str loop hole successfully?
I manage it on my own and it rents under 7 days on average so I should be eligible.
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Intro
skool.com/tax-savvy-real-investors-2273
For entrepreneurs and investors who are done overpaying Uncle Sam — learn real tax loopholes and strategies from an actual CPA
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