36. Quick Tip: What is the Short Term Rental Loophole?


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Jul 07 2022 3 mins  

In this week's Quick Tip, Jeff discusses the "Short Term Rental Loophole" with Kenji Asakura of Semi Retired MD.

The basis of the short term rental loophole is the idea that short term rentals (averaging less than 7 nights) are not a real estate activity in the eyes of the IRS, thus material participation in an STR business activity can generate active losses that can offset other active income, without the complicated framework of requirements to attain Rea Estate Professional status.