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Updated over 8 years ago on . Most recent reply

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Jared Vidales
  • Scottsdale, AZ
134
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Tax Strategy of Primary residence as AirBnB?

Jared Vidales
  • Scottsdale, AZ
Posted

Im going to buy a primary residence, but I want to AirBnB it during the high season in Phoenix. 

What are your thoughts of buying the home with a conventional loan under my name, then selling it via sub2 to my holding company, so I can keep the existing 4% loan in place, but be able to write off expenses against the income?

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Bryan O.
  • Specialist
  • Lakewood, CO
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Bryan O.
  • Specialist
  • Lakewood, CO
Replied

Is there a reason you think you need to title it to an entity to write off expenses? You can still do that with it in your name. If you are looking for liability coverage, I would add an umbrella policy. Putting into an entity doesn't change your expense write offs. Check with a CPA for confirmation.

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