Grant Dougherty of Dougherty Tax Solutions is providing enormous tax value and insight to his wide audience of followers on Instagram – including our host Mark McDaniel! 

Mark caught up with Grant in today's inspiring episode of The Good Endeavor Short-Term Rental Show which is all about getting your money right with STR tax incentives and opportunities. 

Learn all about real estate tax benefits, the importance of keeping good financial records of your STR properties so that you can claim back for 'non-passive activity', and more from a tax advisor who is at the top of his game and generous enough to share such valuable insight. 

Understanding the 500-Hour Rule, the importance of tracking your time in minutes (the IRS doesn't like estimates!), bonus depreciation, depreciation recapture, and a 1031 exchange are just some of the super valuable topics that Grant covers with Mark today. Up your tax game in style! Please join us. 

 "I like to make money and I like to make more money. Once when I learned that you can make money - and then take that money to make more money - I was completely sold on the system." ~ Grant Dougherty

In This Episode:

• Grant's journey from university sportsman to superstar tax advisor
• What are some of the major tax benefits in real estate and STRs?
• How important is it to keep good records? 
• Understanding the 500-Hour Rule
• What is the 'con' to bonus depreciation?
• What is a 1031 exchange?
• 'Don't let the tax tail wag the economic dog'

And more!

Connect with Grant Dougherty:

• Link Tree - https://linktr.ee/doughertytaxsolutions
• Instagram - https://www.instagram.com/requestgranted_/?hl=en
• Website - https://doughertytaxsolutions.com

Connect with Mark McDaniel:

• Website - https://staysimpli.com/
• Instagram- https://www.instagram.com/staysimpli/
• Facebook- https://www.facebook.com/people/Staysimpli/100088214988017/
• Twitter- ​​https://twitter.com/staysimpli

TikTok- https://www.tiktok.com/@staysimpli