I bought a Airbnb and paid $0 in taxes... so you can too

W2 professional or 1099 earner in the U.S. who paid over $100K in taxes last year? See what a proactive tax strategy would save you. Book your Tax Strategy Call here 👉 https://use.taxprime.co/I5EtJRB ======================================================================== Most people think you buy an Airbnb for the rent. High earners buy them for the tax return. In this video I break down the Short Term Rental Loophole on a whiteboard: how one property with a $425,000 depreciable basis gets split into pieces, how $127,500 to $148,750 of it can be written off in year one, and why that loss can offset your W2 or 1099 income without you being a real estate professional. You will see: -What the Short Term Rental Loophole is and why the 7 day average stay matters -How a cost segregation study pulls out flooring, appliances, cabinets and landscaping -How 100% bonus depreciation turns those short-life assets into a year one deduction -What material participation means and how you meet it -The full breakdown on a $425,000 property, with the numbers -Who this strategy fits, and who should stay away from it ...and more. ======================================================================== Still finding out what you owe in April, when it is too late to change it? Tax Prime is a tax strategy consulting firm made up of licensed CPAs, IRS Enrolled Agents and tax professionals. We work with high-income entrepreneurs, investors, W2 professionals and 1099 earners who are done overpaying. Your CPA files what already happened. We plan what happens next. Every year we build your tax plan before the year closes, using legal strategies written into the U.S. tax code and organized under our DRS Prime Method: -Defer and Deduct -Reclassify -Shift This leads to: -A written, year-round tax plan built around your income, your entities and your goals -Every strategy documented and defensible, so it holds up if the IRS ever asks -One team handling everything from strategy to filing and implementation, so you never have to coordinate between advisors ...and more. See how it works 👉 https://use.taxprime.co/I5EtJRB ======================================================================== Timestamps: 0:00 Intro 0:30 What the Short Term Rental Loophole is (High Level) 0:57 Depreciation 2:04 The Cost Segregation 2:18 Step 1: Buy a property 4:40 Step 2: Take the land portion out from your property value 5:25 Step 3: Finds the Short-life assets 6:36 Step 4: Apply 100% bonus depreciation in year one 7:16 How to work with us 7:40 The Requirements to qualify for the deduction 7:50 Short term rental loophole 8:39 Real estate professional status (REPS) 10:35 The Tax saving 11:17 The earnings from the property 11:48 Year 1 return Disclaimer: I am not a tax attorney, CPA or financial advisor, and this video is for educational and informational purposes only. It is not tax, legal or investment advice. Tax outcomes depend on your individual facts, your income, your entity structure and the law in effect at the time. Any figures referenced here or on any of our sites or emails are illustrative estimates or past client results and are not a promise or guarantee of future savings. Real estate investing carries risk, including the loss of your capital. Speak with a qualified tax professional or tax attorney before acting on any strategy mentioned in this video.