Tax Savings Through Real Estate Ownership
A Guide for Highly Compensated Medical Doctors
Medical doctors earning high annual W-2 wages can leverage the short-term rental (STR) loophole, to significantly reduce their taxable income. Below are five real estate-related tax strategies, with a focus on the STR loophole and other relevant options, tailored to high-income professionals like doctors who may not qualify for Real Estate Professional Status (REPS). These strategies assume active involvement and compliance with IRS rules.