# of Rental Days to Qualify for STR.

[Jon Abbott]

After watching podcast 689 (Pay No Taxes in 2022), I am motivated to see if I can purchase a STR prior to the end of 2022. Is this feasible? Is there a minimum number of days that the STR would need to be available or rented prior to January 1? Would I (or my spouse need to put in 100 hours before the end of the year in order to qualify for the bonus appreciation "loophole"? Thanks so much.

[Jon Abbott]

Bonnie, I appreciate your perspective and sharing your concerns. There is certainly some wisdom and safety in what you suggest. However, I don't want to pay another $50k of taxes in 2022. Even if I try and fail, I think it's worth the effort. The most important thing for me right now is to find a tax professional to inform my actions to make sure I don't screw this up by failing to meet some requirement that I didn't understand. Within the hour, I just now accepted an offer on a home which my wife and I plan to use as a STR. Shout out to the Short Term Shop, who I found through Avery and Jessica Puma (realtor) who helped educate me about the Orlando market, set me up with a lender (@AndyYoeger), and gave me some great options for properties. Hopefully, this works out. If not, it should be at least a decent option for cash flow. Potentially, it will help me save $40k+ in taxes in 2022. From my perspective, at 52 year old, it makes sense to coninue to invest in STR properties for the next few years until I retire, making use of the cost segregation/bonus appreciation option (even if scaled down by 20% each year after 2022). until I retire and my tax bracket will then tank to something lower and at that point I am not concerned about my lower-income tax bracket. At least that's where my brain is at right now. I need to hire a tax expert though to make sure I do this right.