This is what the Airbnb gurus don’t tell you! #shorts #entrepreneur #airbnb #tax #smallbusiness

About Karlton Dennis

Karlton Dennis is the Founder and CEO of Tax Alchemy, a firm specializing in sophisticated tax planning. Tax Alchemy is one of the fastest-growing tax firms in the U.S. Karlton and the Tax Alchemy Advisors have created powerful tax plans for thousands of clients in the United States. Many of Karlton’s clients have achieved life-changing tax savings through the strategies that he and his firm design and help implement. In fact, Karlton routinely helps his clients save 6 or 7 figures in taxes.

In addition to leading Tax Alchemy, Karlton is also the creator of the Karlton Dennis YouTube channel. This channel is one of the most successful and popular channels in the tax niche. Karlton uses his YouTube channel as a vehicle to share his wealth of tax knowledge with millions of people.

Licensed EA (Highest Tax Credential Awarded by the IRS)
Forbes Business Development Council Member
Bigger Pockets Partnered Tax Advisor
Author of The Short-Term Rental Rule: How to Reduce Taxes Like the 1 Percent
Founder and CEO of Tax Alchemy

#KarltonDennis

[kennygsmooth]

A definite consideration down the road. I just hope that the IRS doesn't change the rules later.

[JohnDoe-ylwn]

Guys depreciation expenses isn’t real. It’s just a loophole to save money.

[ananthj]

Need to get access to rules. Thanks in advance

[kc]

Does this work on foreign short term property

[ClementPrasad]

I want to learn how to offset my taxes from my w-2 income. Could you please share the rules?

[shortchange]

That rule is awesome and I need these rules

[adanmartinez]

I’m actually 19 a work for a door to door sales industry. I would love to gain more knowledge on how to offset my 1099 income . My company is actually having us set up an LLC but still need to understand why. I know there are major benefits to setting up an LLC an have watched a lot of your videos on LLC’s

[THEGABNER]

On paper you have to operate at a loss to offset your earned income. You can do this by writing off expenses that normally would be solely under your personal expense.
When you buy rental property, You get to depreciate the property which is an on paper loss only.
You can deduct Part of Your car expenses, part of your house expenses, If you did dedicate space for an office or storage.
Wealth comes from property appreciation not as much from cash flow. Cash flow should give you opportunity money.

[mharutunians]

Hello would like a link to the rules please.

[johannaparra-navarro]

How do i offset my w2 income? Need to learn these rules!

[ClementPrasad]

I want to learn how to offset my taxes from my w-2 income.I need to learn these rules

[lisabridenburg]

I need guidance and the rules please. Looking forward to hearing from someone soon.

[flagstaffpartyrental]

Would like more info to offset my w-2's. Thank you

[herbertmartinii]

I am very interested in the rules to offset my W2 . THANKS for the info in advance.

[lualvert]

Do you have a recommendation for a Canadian tax accountant that can advise W2 realestate investors

[FrankStratton-ju]

Can u please help me with the rules and I have other questions.

[Seadoopapi]

I would like to pay for a link to these rules please. Looking forward to hearing from you.