Ryan Carriere, co-host of the Tax Smart REI podcast and a Real Estate Tax Strategist at Hall CPA, explains the advantages and intricacies of real estate professional status and the short-term rental 'loophole,' highlighting strategies for both active and passive investors to optimize tax efficiency.
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00:00 Introduction 02:23 Meet Ryan Carriere of Hall CPA 04:42 Understanding Real Estate Tax Benefits 07:32 Active vs. Passive Real Estate Investing 11:34 Strategies for Maximizing Tax Savings 18:33 The Hybrid Investor Approach 20:36 Balancing Tax Benefits and Family Dynamics 21:51 Real Estate Professional Status for Spouses 22:09 Household Perspective on Tax Benefits 26:31 The STR Loophole Explained 27:35 Material Participation Tests 33:15 Managing Short Term Rentals 35:06 Election Year Tax Implications 38:58 Conclusion and Contact Information
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By: Invest Like a Billionaire Title: How to Maximize Real Estate Tax Benefits feat. Ryan Carriere Sourced From: www.youtube.com/watch?v=1WihHyvW984
