If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.

STR loophole or strategy is a great way to help defer taxes. 

Are you looking to quite your W2 job--STR might get a leg up because of the STR loophole in becoming a real estate professional? 

Quote from @Jimmy Rojas: Through loopholes there are many home owners that are illegal immigrants, if they get deported , what will happen to their homes? 

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Oil and gas wouldn't be what it is without the government taking on much of the risk through the intangible drilling costs tax credit, and the depletion allowance act deductions, and literally hundreds of other tax benefits, loopholes and direct subsidies plus the fact they have access to public land to be drilled for pennies on the dollar, and the government cleans it up once they're done. 

Which in a way, is fair, but I believe this is their loop hole to only fund the low hanging fruit deals, and stick people with a bill of 4-7k and a property search app that isn’t that good in the first place. anyway, I am always looking to connect, dining the next project, and get it funded!

Depends on the town’s rules, though, so check that first.Renovation Loophole: Some places let you raise rents or get out of rent control if you do big renovations.

Based on that, their personal use kills the STR loophole from 2024 forward. 

Is this a loophole; use depreciation to offset UBIT but when selling there is no tax on the gain because it is an IRA?