Hack Your Tax Return with these Rental Loopholes

Discover how to "Hack Your Tax Return with these Rental Loopholes" in our latest episode of Tax Tip Tuesday! Join Kimberly Ferguson from Emerald Expectations Accounting as she shares insider tips on saving big through short-term rental loopholes. Don't miss out on this valuable information, and more tax strategies to come - subscribe now!

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Timestamps
01:06 Short Term Rental Loopholes Introduction & Recommendation to work with a Tax Advisor, as these are more advanced strategies
01:27 Loophole #1 - STR or Airbnb Loophole Explained
02:20 One Method to Qualify: Real Estate Professional Status
02:47 Second Method to Qualify - The True Hack
03:28 Clarifying the Requirements
05:08 Loophole #2 - The Augusta Rule Explained

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About us. Kimberly Ferguson is the face behind Emerald Expectations Accounting. She has a Bachelor’s Degree in Business Management, a Master’s Degree in Accountancy, and is an Enrolled Agent with the IRS. She is also a Certified CFO through the CFO Project. Founded on the principles of Integrity, Respect and Excellent Customer Care, Kimberly started her company because she hated the way she saw her clients being treated while working at another accounting firm. She wanted to serve small business owners in a way that actually made a difference in their lives.

-- DISCLAIMER – Kimberly Ferguson, Emerald Expectations Accounting LLC and related parties do NOT provide tax, legal, or accounting advice. This content has been prepared for information purposes ONLY and is not intended to provide and should not be relied on for tax, legal, or accounting advice. Viewing this video does NOT create an accountant-client relationship with Kimberly Ferguson or Emerald Expectations Accounting. You should consult your own tax, legal, and accounting advisors for professional advice.

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