I would love clarification on this. For years my rental income in a pass through partnership has been taxed as ordinary income and subject to 15.5% Self employment tax. I learned here that it should have been reported as rental income. I have researched and since it is just short term rental income no other services rendered what is the proper way to report it?

Hi all, my husband and I closed on a cabin in the Smoky Mountains in September, are well on our way to exceeding the MP rule, and have done the cost seg. We were wondering— is it too late for 2026 to find another property to offset W2? We could close, do a cost seg, and put it up for service before year end, but we may not get to the 100+ hours. Do the hours have to be before year end, or before April 15th? Thank you!

Hello! I'm looking at a seller-financed property purchase and wanted to make sure I could still use the mortgage interest as a deduction and still do a cost segregation study? Is there anything else to consider in a seller-financed deal?

Hi everyone! I’m new to the STR world. Like most people here, we’re trying to reduce our taxable income from our W-2. We just went under contract on a Duplex in Florida. My question is, who should we have own this property….our LLC, one of us, both of us (me and my husband) or a trust? What provides the most protection and doesn’t create any tax issues?

Does anyone have a cost segregation study provider they’d personally recommend? We’re closing on our first STR next month and hoping to squeeze in a cost segregation study in Nov/Dec. My research (Perplexity, Reddit, podcasts) suggested a few companies: Seneca Cost Segregation (best value), CSSI (Bill Faeth recommended John Howard), Cost Segregation Guys (decent quality:price ratio), KBKG (comprehensive suite of services). Also, thoughts on paying the premium for a physical site inspection where licensed engineers are on-site vs a virtual one on a $600-700k property?