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Updated 11 months ago, 02/03/2024
Cost Segregation Providers in Connecticut
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 🙏