All Forum Posts by: Catherine Javier

We were, but he missed 2 things, my wife’s income and the taxes I paid. He was able to correct them bit we are a bit hesitant and we’re trying to find a better CPA that can be our tax planner/strategist.

0 Votes

Quote from @Julio Gonzalez:

@Ryan Judkins Yes, it's absolutely possible. There's a bit more that goes into it than a cost segregation on an entire home, but it could still be beneficial. I'd recommend getting a free cost/benefit analysis quote from a cost seg company to determine if the tax benefits would outweigh the costs. Do you have real estate professional status?

I have the sam situation. Just wondering if this is allowable especially if I meet the requirements for short term rental requirement for tax purposes like 100 hours?

any thoughts? Thanks!

1 Vote

Quote from @Andrew Steffens:

I would calculate it as such:

Guest 1: 60 Days

Guest 2: 75 Days

Guest 3: 90 Days

Cohort 1: Average stay 75 days

Str Guest 1-5: 4 Days

Str Guest 6-10: 5 Days

Str Guest 11-15: 6 Days

Cohort 2: Average stay 5 Days

Average across 18 total guests: 16.67 days.

Thank you!

1 Vote

Tacoma, Washington

Quote from @Sherief Elbassuoni:

@Catherine Javier, there are different ways to calculate that, one of them is to calculate how many days the property was booked out (rented) and divide that by number of reservations, this will give you the average number of days for each reservation

Thank you!

0 Votes

Tacoma, Washington

Quote from @Michael Baum:

It's not a loophole. It is the IRS regulation. People keep calling it a loophole...

Yes Michael you’re right! I should have said IRS regulation!

0 Votes

Tacoma, Washington

Quote from @Brooklyn McCarty:

This makes my brain hurt.

I would talk to your cpa and see what you need to have in STR dates

I am still waiting on my CPA’s reply. And yes I know. I am just so unsure

0 Votes

Tacoma, Washington

Hello there BP Community!

We are new in Airbnb. We have a property in Tacoma and started MTR last year, we were so used to Furnished Finder and were a bit overwhelmed with Airbnb.
We do a hybrid MTR and just started STR in between. This might be a silly question but we are really not sure on how to compute for the average rental period. Our goal is to do the STR loophole (less than 7 days or less.)

Do we just add all the numbers of rented dates and divide by the total number of guests or tenant?

Or.. let’s say we have 3 guest who stayed 60-90 days and 15 guests less than 7 days?

Thank you in advance!

0 Votes

Tacoma, Washington

Thank you @alecia! We just turned down the tenant…

0 Votes

Tacoma, Washington

All Forum Posts by: Catherine Javier

Catherine Javier has started 27 posts and replied 93 times.

Post: Recommendations for Cost Seg?

Post: Recommendations for Cost Seg?

Post: Cost Segregation on Primary Residence if renting out the basement

Post: Cost Segregation on Primary Residence if renting out the basement

Post: how to compute for average rental period

Post: how to compute for average rental period

Post: how to compute for average rental period

Post: how to compute for average rental period

Post: how to compute for average rental period

Post: How much pet fee per pet?