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Updated 7 months ago on . Most recent reply

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Craig Jones
  • Member since Jul 13, 2023

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Craig Jones
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Craig Jones
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Short-Term & Vacation Rental Discussions

STR loophole + FAFSA

Craig Jones
Posted

We had STR depreciation losses that wiped out most of our W-2 income in 2023 and 2024.

And also a kid applying to college this fall.

Anyone else been in that situation?  I am very curious to see what the FAFSA formulas will make of it.  Would love to hear others' experience.

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  • Gatlinburg, TN
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Collin Hays
#4 Short-Term & Vacation Rental Discussions Contributor
  • Property Manager
  • Gatlinburg, TN
Replied

With FAFSA, who knows. Your accountant will probably have a good idea. I am not aware of any loopholes for you.

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