In this episode of the Short Term Show, CPA Ryan Bakey shares his experience defending and winning an audit on the STR tax loophole. Ryan emphasized the importance of having a CPA who specializes in real estate and understands the intricacies of the tax laws related to short-term rentals. They also discussed how critical it is to maintain meticulous records, financial statements, and documentation in real estate investing.
Check out Ryan's previous episode:
How to connect with Ryan:
https://www.facebook.com/groups/taxstrategyforinvestors
https://www.learnlikeacpa.com/
How to connect with Avery:
The Short Term Shop - https://theshorttermshop.com/
Follow Avery Carl on Instagram
Follow Avery Carl on TikTok
Join the Short Term Shop Facebook group!
Check out the Short Term Shop on Youtube
For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
This week Avery chats with Million Dollar Host, Julie George! Julie tells us how she went from 0-130 properties in under 3 years! She...
This week, host Avery Carl chats with the CEO and Co-Founder of Hostfully, Margot Schmorak. They discuss the future of property management software companies,...
Stacey St. John is a true savant in the world of Myrtle Beach condo investing. Not only does she play a big game in...