Tax Planning for 2026-STR focus
Hello! My 1st airbnb projects to make 50-60K in revenue this year. However, I wonโt be able to write off all the expenses from running this airbnb to help offset this income (no benefits doing cost seg based land/ property value, also cannot claim full expenses just based on the model Im running- I spoke to Mason Kimball about this) So I am planning to obtain my second unit soon. it will likely be out of state. My current business is in CA. Not sure if Iโll be qualified to purchase another one (due to student loan, current mortgage on the 1st one), so Iโm thinking of airbnb arbitrage. Will the expense from the arbitrage unit help me offset the income from my business in CA this year? What would be the entity structure that will allow be to do so if the arbitrage unit is out of state? Thanks in advance! ๐