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Updated 11 months ago, 02/03/2024

User Stats

12
Posts
8
Votes
Joshua Awodele
  • Investor
  • Stamford, CT
8
Votes |
12
Posts

Cost Segregation Providers in Connecticut

Joshua Awodele
  • Investor
  • Stamford, CT
Posted


Hello Biggerpockets Family, 

Need help with two things:

I need recommendations for a reputable firm that can perform a cost segregation for a STR investment in Fairfield County Connecticut.

Concerning the passive activity rules exemption requirements related to the STR Loophole, what are examples of "extraordinary personal services" I can incorporate within the business in hopes of converting from STR to MTR (midterm rental) while still qualifying for the STR loophole? This way, I can take bookings for greater than 30 days and still qualify for the tax incentive.

For reference: 

https://wcginc.com/blog/short-term-rental-tax-loophole/#:~:t....

https://www.irs.gov/instructions/i8582

Thank you 🙏 

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