Short Term Rental Tax

Written By Duncan Kelm

Short Term Rental Tax Benefit

  • Shelter income, diversify portfolio, benefit from potential cash flow, and use losses to offset other income sources.

Short vs Long Term Rentals

  • Short-term rental (STR) properties are considered a non-passive rental activity by the IRS if:

    • Average guest stay is 7 days or less

  • Unlike long-term rentals, real estate professional status is not needed to make rental income non-passive…

View the rest of the Cheatsheet

Duncan Kelm
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