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Started By
Message
Tax Strategist?
Posted on 3/24/26 at 3:59 pm
Posted on 3/24/26 at 3:59 pm
Can anyone recommend a tax strategist? W-2 earner but looking for legal ways to pay uncle sam less and I know my options are limited. STR vs LTR, etc. etc.
7
Posted on 3/24/26 at 5:38 pm to Neauxla
Make less money.
Posted on 3/24/26 at 10:33 pm to Neauxla
quote:
W-2 earner
Makes it tough
Mega backdoor helps tomorrow not today
quote:
STR
Hard to pull off when you are a
quote:
W-2 earner
Posted on 3/25/26 at 6:29 pm to LSUFanHouston
Not true if you willing to put up with an airbnb
Posted on 3/25/26 at 6:49 pm to Penn
quote:
Not true if you willing to put up with an airbnb
Even with that, there are still hour requirements that pretty much mean you have to do all of the work yourself. Do your own bookings, cleaning, maintenance, etc.
Want to do all that? Yeah it can work. But it’s tough and hard to pull off, not impossible.
This post was edited on 3/25/26 at 6:50 pm
Posted on 3/26/26 at 7:59 am to LSUFanHouston
STR doesn’t have hour requirements.
Posted on 3/26/26 at 8:22 am to LSUFanHouston
quote:
Even with that, there are still hour requirements that pretty much mean you have to do all of the work yourself. Do your own bookings, cleaning, maintenance, etc.
Don't think this is accurate. I own a str. This never came up with my tax guy.
Posted on 3/26/26 at 8:38 am to KWL85
quote:
Don't think this is accurate. I own a str. This never came up with my tax guy.
This is what I do for a living.
A lot of rules are broken every day.
You need to spend at least 100 per year on it… and more hours than anyone else. Or 500 total hours regardless of anyone else.
Also the hours must be documented.
Good news is IRS doesn’t have capacity to audit this, so if you are breaking rules, you probably aren’t getting caught…
Posted on 3/26/26 at 8:40 am to RIPMIKEVI
quote:
STR doesn’t have hour requirements.
It absolutely does unless you are providing substantial services, which unless you are providing meals or concierge services, you are not doing.
Posted on 3/26/26 at 8:43 am to Neauxla
quote:
looking for legal ways to pay uncle sam less
Why do you hate Israel
Posted on 3/26/26 at 8:52 am to LSUFanHouston
quote:
You need to spend at least 100 per year on it… and more hours than anyone else. Or 500 total hours regardless of anyone else.
Is this specific to STR, rental property, or just any passive income as a whole?
Posted on 3/27/26 at 3:09 pm to LSUFanHouston
Interesting. Thanks for sharing. Guess my tax guy knows me well. I don't go out of my way to break rules, but definitely feel I pay more than my fair share.
Posted on 3/27/26 at 7:41 pm to LSUFanHouston
100 hours is easy to hit
Don’t know why this is even a discussion
Don’t know why this is even a discussion
Posted on 3/27/26 at 10:20 pm to LSUFanHouston
quote:
This is what I do for a living.
A lot of rules are broken every day.
This.
We have close friends that do backdoor Roth conversions every year even though they have legacy IRAs from prior jobs they don’t consider. Accountant said “nah…that’s fine”.
Got another buddy with a self directed IRA that does all kinds of shite that to my knowledge would be a problem.
Fact is, with any govt regulation, it’s not whether you’ve done something wrong…it’s whether they decide to frick with you.
Posted on 8/21/26 at 3:23 pm to Neauxla
Not sure if you already found someone since it's been a few months, but if you're looking into STR vs LTR, a regular CPA might be enough if you get the right studies done on the property.
The big tax savings usually come from cost segregation. It basically front-loads your depreciation so you get massive write-offs in the first few years.
I sent my property details to R.E. Cost Seg and they gave me the exact breakdown. I just handed that report to my regular CPA, and it lowered my taxable income big time. Might be worth checking them out to see what kind of deductions you can pull.
The big tax savings usually come from cost segregation. It basically front-loads your depreciation so you get massive write-offs in the first few years.
I sent my property details to R.E. Cost Seg and they gave me the exact breakdown. I just handed that report to my regular CPA, and it lowered my taxable income big time. Might be worth checking them out to see what kind of deductions you can pull.
This post was edited on 8/25/26 at 8:31 am
Posted on 8/22/26 at 8:13 am to Neauxla
I've been trying to figure out how to do the same. Would love to know how i can stop getting screwed as a w2 earner.
If i get a side gig as an independent contractor working a day a month or so, could i somehow use that to my advantage significantly?
If i get a side gig as an independent contractor working a day a month or so, could i somehow use that to my advantage significantly?
Posted on 8/23/26 at 5:08 pm to Bobandus
Have you ever considered raising emus?
Posted on 8/23/26 at 9:40 pm to Bobandus
quote:
If i get a side gig as an independent contractor working a day a month or so, could i somehow use that to my advantage significantly?
Define significantly
Pigs get fat, hogs get slaughtered
And showing a loss 4 yrs out of 5 can invite an audit. Maybe.
Posted on 8/23/26 at 9:41 pm to Penn
quote:
100 hours is easy to hit
Yes - for self managed properties
quote:
Don’t know why this is even a discussion
The “more hours than anyone else” rule is what causes the discussion
Posted on 8/24/26 at 5:32 am to Neauxla
Learing centers are depending on you paying more taxes.
How can all the necessary hospice funds be given IF you try to dodge paying your fair share?
There may be a delay in gender reassignment surgery because of people like you.
The weather will never be better unless you pay more taxes.
Why are you a misogynistic racist?
How can all the necessary hospice funds be given IF you try to dodge paying your fair share?
There may be a delay in gender reassignment surgery because of people like you.
The weather will never be better unless you pay more taxes.
Why are you a misogynistic racist?
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