The STR loophole

[Andrew Caldieraro]

If you follow the guidelines (materially participate, etc.) how long do you need to hold a property as a STR to take advantage of the loophole to offset W2 taxes? For example, what if I only want to hold the property as a STR for 1-2 years? How would that impact my taxes on a sale, or how would that impact my taxes if the STR was converted to a LTR?