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17
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Preet Oberoi
  • Investor
7
Votes |
17
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Tax benefit of STR/Tiny home - Will it work ?

Preet Oberoi
  • Investor
Posted

Hello everyone, I am looking into buying my first Airbnb and the sole driver for this choice is to be able to take depreciation of my two LTR properties against my W2. Can anyone poke a hole in this approach ? Also, within this approach, the option that attracts me the most is purchasing and installing a 'tiny home' on a campground that allows it. Has anyone done this and can share how to go about it and their experinece ? I also wonder if this unconventional STR would pass the criteria for the STR test for tax purposes. Any insights you can shre around these questions would be super helpful.

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13,605
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16,987
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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
16,987
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13,605
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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
Replied

Airbnb is a company so the only way to buy one would be to own stock in the company. 

I think tax benefits should be secondary to buying something that would work well as a STR.

I would recommend you consult a tax professional to see what possible tax benefits you could receive from buying this STR.

  • John Underwood
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