JBlank

Promoting Financial and Mental Health through my documented journey to Peace of Mind!

[Douglas A. Boneparth @dougboneparth]

On days like today, I’m glad I’m diversified across stocks, gold and bitcoin because it allows me to lose money in three totally different ways.

[JBlank @pacedwealth]

@thejohn_henry_ Why can’t I do all 3?

[JBlank @pacedwealth]

I’m glad to be back and writing another 🧵!

Will be back shortly with the next chapter for you guys ☮️

[JBlank @pacedwealth]

Down but never out!
I’m back with Chapter 5 of this must read

Squeezing The Most Tax Savings From Your Short-Term Rentals

“The avoidance of taxes is the only intellectual pursuit that still carries any reward” -John Keynes

[JBlank @pacedwealth]

3/ Rental Arbitrage from a tax perspective is treated the same as long-term rental income.

Only major difference is you will not be able to claim depreciation because you do not own the property.

[JBlank @pacedwealth]

@FinancialFFrame Big dawg

[JBlank @pacedwealth]

Like/Follow/Retweet goes a long way and I really appreciate everyone!

[JBlank @pacedwealth]

Chapter 4
How to Save on Taxes Even When You’re NOT a Real Estate Professional

[JBlank @pacedwealth]

4/ What about that -$3K?

Since you have already covered your rental income for the year,

That will Simply roll over for the next Year!

Now you got a head start and it just snowballs from there!