EPISODE · Nov 21, 2023 · 34 MIN
How STR Investors can pay $0 in taxes legally
from BnB Financially Free · host Good Neighbor
We sat down with Troy Vigil from Elite Tax & Accounting LLC to answer all our burning questions about cost segregation, bonus depreciation and real estate professional status. This is definitely a technical episode for investors who are looking to implement aggressive tax saving strategies to offset their tax liabilities. While there are seven ways you can materially participate in order to qualify, here are the top 3 ways STR investors qualify for bonus depreciation: 1. You participated for more than 500 hours. 2. Your activity substantially constituted all participation. 3. You participated for more than 100 hour and no less than any other individual. If you would like to connect with Troy, tell him you heard him on the BnB financially Free Podcast and email him at [email protected].
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How STR Investors can pay $0 in taxes legally
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