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Updated over 1 year ago on . Most recent reply presented by

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Venkat P.
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Looking for CPA around Bay Area

Venkat P.
Posted

Newbie here, purchased a LTR a few months back. Have a few questions regarding STR loophole and ways to save on taxes.

I have a W2 and I am on H1b visa. So looking for folks who are knowledgeable on visa side of things.

Thanks

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Sean O'Keefe
  • CPA | Accepting new clients | 50 States
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1,226
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Sean O'Keefe
  • CPA | Accepting new clients | 50 States
Replied

@Venkat P. Generally, having an H1b visa restricts you from participating in a business that is outside of the scope of the visa. As a result, you might have a difficult time meeting the participation requirements to offset non-passive income (W-2, 1099, etc) with rental losses from your STR.

  • Sean O'Keefe
  • [email protected]
  • txt 6282410888
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