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Think Like a Business Owner: Tax Secrets for Vacation Homes
In this eye-opening episode of Next Act Ninjas, host Rachael Van Pelt reveals a powerful tax strategy that could save you thousands every year if you own a second home, vacation property, or recently inherited a family home. Learn how renting out your property for even just a few weekends a year can qualify you as a business owner—unlocking incredible tax deductions like depreciation, mortgage interest, property taxes, and more. Rachael compares the tax benefits of real estate income versus 401(k) withdrawals and dives into key concepts like the short-term rental loophole, Qualified Business Income (QBI) Deduction, and the 1031 exchange. You don’t have to be an experienced real-estate investor or full-time landlord to use these tax strategies to boost your retirement savings. This episode provides actionable insights to help you reduce taxes, grow your wealth, and secure long-term financial independence. Tune in now and start turning your second home into a smart, money-saving investment!
Chapters
00:00 Unlocking Tax Benefits for Second Home Owners
01:39 If You Rent Out Your Second Home, You Are a Business Owner
02:31 Your Vacation Rental Tax Write-offs
06:10 The Tax Efficiency of Real Estate vs. 401k
10:58 Think Like a Business Owner with Your Vacation Property
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Lifestyle Longevity Assessment: https://bit.ly/3Ajb46K
Connect with Rachael: https://calendly.com/rachael-vanpelt/discovery
*****************************
Rachael Van Pelt, PhD, is a healthspan scientist, coach, Realtor, and investor dedicated to helping pre-retirees design a lifestyle that supports health, wealth, and happiness for the long haul. With a unique blend of expertise in longevity research, lifestyle coaching, and real estate, Rachael specializes in guiding clients toward their ideal next chapter—whether it’s downsizing, embracing a sunbird lifestyle, or simply optimizing the home they love. Through her innovative approach, Rachael empowers her clients to choose the path that enhances their health and longevity, ensuring that their retirement years are as vibrant, fulfilling, and financially secure as possible.
*****************************
⚠️ Disclaimer: We do not accept liability for any loss or damage incurred from you acting or not acting as a result of watching any of our publications. You acknowledge that you use the information we provide at your own risk. Do your research.
inPlace Professionals, LLC.
2024 All rights reserved.
Broker eXp Realty, LLC
Copyright Notice: This podcast and our YouTube video contain dialogue, music, and images that are the property of Rachael Van Pelt. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided. @drrachaelvanpelt
View all episodes
By Rachael Van PeltIn this eye-opening episode of Next Act Ninjas, host Rachael Van Pelt reveals a powerful tax strategy that could save you thousands every year if you own a second home, vacation property, or recently inherited a family home. Learn how renting out your property for even just a few weekends a year can qualify you as a business owner—unlocking incredible tax deductions like depreciation, mortgage interest, property taxes, and more. Rachael compares the tax benefits of real estate income versus 401(k) withdrawals and dives into key concepts like the short-term rental loophole, Qualified Business Income (QBI) Deduction, and the 1031 exchange. You don’t have to be an experienced real-estate investor or full-time landlord to use these tax strategies to boost your retirement savings. This episode provides actionable insights to help you reduce taxes, grow your wealth, and secure long-term financial independence. Tune in now and start turning your second home into a smart, money-saving investment!
Chapters
00:00 Unlocking Tax Benefits for Second Home Owners
01:39 If You Rent Out Your Second Home, You Are a Business Owner
02:31 Your Vacation Rental Tax Write-offs
06:10 The Tax Efficiency of Real Estate vs. 401k
10:58 Think Like a Business Owner with Your Vacation Property
*****************************
Lifestyle Longevity Assessment: https://bit.ly/3Ajb46K
Connect with Rachael: https://calendly.com/rachael-vanpelt/discovery
*****************************
Rachael Van Pelt, PhD, is a healthspan scientist, coach, Realtor, and investor dedicated to helping pre-retirees design a lifestyle that supports health, wealth, and happiness for the long haul. With a unique blend of expertise in longevity research, lifestyle coaching, and real estate, Rachael specializes in guiding clients toward their ideal next chapter—whether it’s downsizing, embracing a sunbird lifestyle, or simply optimizing the home they love. Through her innovative approach, Rachael empowers her clients to choose the path that enhances their health and longevity, ensuring that their retirement years are as vibrant, fulfilling, and financially secure as possible.
*****************************
⚠️ Disclaimer: We do not accept liability for any loss or damage incurred from you acting or not acting as a result of watching any of our publications. You acknowledge that you use the information we provide at your own risk. Do your research.
inPlace Professionals, LLC.
2024 All rights reserved.
Broker eXp Realty, LLC
Copyright Notice: This podcast and our YouTube video contain dialogue, music, and images that are the property of Rachael Van Pelt. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided. @drrachaelvanpelt