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And you want to confirm with your tax professional that you do not follow the advice that’s in this video. The thing about the short term rental rule is you have to be what’s called a real estate professional.

You can’t just deduct, you know, the depreciation or the cost of the property on your return if you’re not a real estate professional, meaning you spend 750 hours a year in real estate activities, not just having a real estate license, but actually looking for properties, maintaining, managing the properties.

There’s a whole list of the IRS looks at. It’s a great rule if you fall in that 750 hour real estate professional activity. If not, this gentleman’s advice is gonna put you in a really bad spot with an audit.