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Updated about 1 year ago on . Most recent reply

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Justin Ward
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str loophole for long term rental income

Justin Ward
Posted

Hi

I'm confused about the Short term rental loophole. If my STR property qualifies for the STR loophole then can my long term rental property deductions then be brought over to offset my active income like being a real estate professional?

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied
Quote from @Justin Ward:

I'm confused about the Short term rental loophole. If my STR property qualifies for the STR loophole then can my long term rental property deductions then be brought over to offset my active income like being a real estate professional?

No. The STR loophole is, as its name says, for STRs. Does not change anything related to your LTRs.
  • Michael Plaks
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