How To Survive A Short Term Rental Loophole IRS Audit

By Avery Carl / July 31, 2024

Listen to the whole Episode:

Hit us up on IG! @theshorttermshop & FB! @theshorttermshop

How To Survive A Short Term Rental Loophole IRS Audit

CPA Ryan Bakke shares his experience defending and winning an IRS audit on the short term rental tax loophole. Ryan emphasized the importance of having a CPA who specializes in real estate and short term rental investing, and how tracking hours for material participation is key to defending an audit on the short term rental loophole.

Ryan Bakke: CPA who has had to defend and audit on the St Str tax loophole so before I go any further Ryan do you want to reintroduce yourself to our audience although they probably already know you yes my name is Ryan bakey I’m the founder of tax strategy 365 we help Real Estate Investors just like you save as much money as possible on taxes and it’s not just about how much money you can
save in one year but how much how much can we save you over the course of your life so that’s how that’s what we help Real Estate Investors do all across the country I’m also a real estate investor myself too I have 10 deals currently and I’m actively looking for more properties yeah me too send me your deals all right so Ryan since you just live in the world every single day of helping investors save money on their taxes through real estate investing

Avery Carl

Avery Carl was named one of Wall Street Journal’s Top 100 and Newsweek’s Top 500 agents in 2020. She and her team at The Short Term Shop focus exclusively on Vacation Rental and Short Term Rental Clients, having closed well over 1 billion dollars in real estate sales. Avery has sold over $300 million in Short Term/Vacation Rentals since 2017. An investor herself, with a portfolio of over 100 Doors, Avery specializes in connecting investors with short term rentals with the highest ROI potential, and then training them to manage their short term rental from their smart phone from anywhere in the world.