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Updated almost 2 years ago,
House Hacking with STR tax loophole
Hey everyone,
If I live in a Single Family Residence and put it up for STR for a few weeks in the year to qualify for STR tax loophole (Avg 7 days rental + show 100 hours of my participation + showcase my material participation), can I deduct relevant STR related expenses + depreciate my property via cost segregation study as if the entire house is being used for STR?
The intention is to lower my cost of ownership for my primary residence. Any cashflow from STR is a bonus on top.
Does this plan seem logical?
Thanks