IRS Audit and managing properties remotely.

Hey everyone. Happy to join this group. I have a question in regards to whether anyone has experienced an IRS audit on an STR purchase and won where you manage the property remotely and availed yourself to the STR tax loophole in particular to the 100 hour material participation test where no one has done more hours than you.

@Ryan Bakke, CPA

I believe you mentioned the IRS has come and performed 7 audits on your clients where you have won on all of them. Was anyone managing their property remotely? My CPA believes I would fail the audit if I wasn’t within driving distance to the property and that I would have a hard time demonstrating material participation. I disagreed but was curious to hear other opinions.

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IRS Audit and managing properties remotely.