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Updated almost 3 years ago on . Most recent reply
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Long distance self managed STR active income (loss)
I have seen some conflicting info on self managing a STR if it is possible to claim as active income when managing from long distance. I know that in order for this to be possible you must prove that you spend more time on the rental than anyone else. The issues comes to cleaners and if you can prove that you spent more time on the rental than they did. With me having W2 income, being able to take bonus depreciation against that would result in more cash in my pocket for the next property.
My question- have any of you had success claiming active income on a long distance self managed STR? If so, how did you go about documenting it?