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Wealthy Way

Airbnb Loophole | How To Take Max Deductions

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.92.2K Ratings

🗓️ 8 June 2023

⏱️ 8 minutes

🧾️ Download transcript

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Here are some tax implications you can utilizing while doing AirBnb...

Need tax and accounting help? Contact my CPA Firm! https://TrueBooksCPA.com/

Are you living The Wealthy Way? Take my free quiz with the link below and get FREE access to my course the “Wealth Builder Academy” where I go over all the fundamentals of building wealth in all areas of life.

https://www.wealthyway.com/
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Here's how my businesses can help you:

Want to be coached by me on real estate investing? Apply at http://www.wealthyinvestor.com/case-study/yt

Looking to grow in your faith and business? Join the premiere community for Christian entrepreneurs and business people. Develop your leadership, discipleship, and your faith at https://wealthykingdom.com/

Are you an entrepreneur who wants to build their personal brand on social media? Go to https://wealthycreator.io

Want to utilize a full service social media agency? At Pineda Media, we film, edit, post, and personally coach you to create top level content and build your personal brand. Apply now! https://www.pinedamedia.com/

Want to partner with me to supercharge your business? Apply at https://www.pinedapartners.com/

You can invest in my real estate deals! Go to https://pinedacapital.com

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Matt Bontrager and Ryan Pineda discuss some tax hacks and loopholes you can utilize within your AirBnb business. For example, what does it take to become a "real estate professional?" What does it take for you to be able to take the max amount of deductions? Listen in to hear all about it! 

Learn how to invest in real estate with the Cashflow 2.0 System! Your business in a box with 1:1 coaching, motivated seller leads, & softwares. https://www.wealthyinvestor.com/

Want to work 1:1 with Ryan Pineda? Apply at ryanpineda.com

Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://tentmakers.us/

Want to grow your business and network with elite entrepreneurs on world-class golf courses? Apply now to join Mastermind19 – Ryan Pineda’s private golf mastermind for high-level founders and dealmakers. www.mastermind19.com
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About Ryan Pineda:

Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.

Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.





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Transcript

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0:00.0

Tell me about just this loophole with Airbnb.

0:04.6

Yeah, sure.

0:05.2

In terms of...

0:06.0

Yeah.

0:07.0

So, right again, the IRS looks at rental real estate as passive.

0:11.3

The money you make at your business is non-passive.

0:13.2

So they say, whoa, there's these two buckets.

0:14.8

For you to mesh the two, you've got to pass all these rules.

0:16.9

So let's say you're like, yeah, I'm not like me.

0:18.4

I'm not going to do that.

0:19.4

I can't mesh the two.

0:20.4

I can't be a real estate pro.

0:22.4

They literally have, which again, I think this is going to go away.

0:25.0

That's why I'm using the term loophole.

0:26.2

I'm not using the term loophole as it's bad.

0:28.2

I'm all four loopholes if we can find them.

0:29.9

This is purely a loophole.

0:31.8

In the IRS code, there's a definition of what rental real estate is.

0:35.5

And one of them is it is not rental real estate if the average period of the stay for the

0:41.6

tenant is seven days or less.

0:44.0

It's considered transient use property.

0:47.3

And then there's even another one that says for right.

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