Latest / RealWise Sonoma County: a Real Estate Podcast with Stephanie Johnson
The Incredible Tax Benefits of a Short Term Rental in Sonoma County Explained!
Sonoma County real estate agent Stephanie Johnson breaks down a tax strategy that lets buyers purchase a short term vacation rental in Sonoma County and write off a significant portion of that home's value in the first year of ownership. She explains the difference between a short term and a long term rental, and why that distinction is what makes this tax benefit possible for busy professionals who cannot otherwise qualify as real estate professionals. She breaks down how a cost segregation analysis works in plain terms, and roughly how much of a home's value buyers can expect to write off…
The skinny
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