Expert Advice on Cost Segregation and Taxes with Amanda Han and Yonah Weiss

In this podcast episode, experts Amanda Han and Yonah Weiss delve into cost segregation strategies that can help short-term rental property investors reduce their tax burden. They explain how cost segregation, a sophisticated form of depreciation, allows investors to accelerate deductions by breaking down property components—like buildings and furniture—into various depreciation schedules. The hosts highlight the "short-term rental loophole," which permits these deductions to offset other income, such as W-2 wages, even for those who aren't classified as real estate professionals, as long as they meet the material participation requirements by actively managing the property. The discussion also touches on key timing strategies for maximizing tax savings, such as placing properties into service before the year ends, the influence of land value on potential deductions, and the necessity of collaborating with a CPA who specializes in real estate tax strategies.