Your Clients Own Short-Term Rentals. Do You Know How to Save Them Thousands?
Master the STR tax loophole, material participation rules, and cost segregation strategies so you can walk into client meetings with confidence and walk out as the advisor they refer everyone to.
STR Tax Strategy Is a Minefield. Most Tax Pros Avoid It.
Your clients are asking about short-term rental deductions. The question is whether you're the one answering, or they're going to someone else.
Without This Course
- ✗ Unsure which participation rules apply and when
- ✗ Fumbling through Schedule E vs. Schedule C decisions
- ✗ Missing cost segregation opportunities worth tens of thousands
- ✗ Dreading the client question: "What about the STR loophole?"
- ✗ Losing high-value clients to advisors who specialize
After This Course
- ✓ Confidently explain the 100-hour and 500-hour rules
- ✓ Know exactly when to use Schedule E vs. Schedule C
- ✓ Apply cost segregation and bonus depreciation to maximize savings
- ✓ Walk into STR conversations as the expert in the room
- ✓ Defend every position with proper documentation
What You'll Walk Away With
Each module is built to give you the knowledge AND the language to explain it to clients clearly.
Material Participation Rules
Master the 100-hour rule, the 500-hour rule, and understand exactly what qualifies your clients for active loss treatment on their short-term rentals.
Schedule E vs. Schedule C Reporting
Learn how average stay calculations and substantial services determine where the income goes, and why getting this wrong creates audit exposure.
Cost Segregation & Bonus Depreciation
Apply cost segregation study methodology and bonus depreciation strategies to maximize first-year tax deductions on STR investments.
Documentation & Audit Defense
Build bulletproof records with proper hour tracking, expense categorization, and record-keeping standards that hold up under IRS scrutiny.
Tax Pros Who Leveled Up
"This helped me understand short-term rentals much better. I have clients with these properties, and now I feel more confident discussing the tax implications with them."
"This was a great method of delivery. I especially liked the gamification element you added. Great work."
"This course is extremely helpful. Many of our clients are interested in purchasing rental properties and applying tax strategies. The straightforward explanations help me quickly communicate these strategies to them."
More Than Just a Course
Every Level Up Quest course is built to make you a better advisor, not just help you pass a test.
Video Training
Story-driven lessons with visuals and analogies that make complex strategies stick.
Client-Ready Visuals
Use our signature visuals in client meetings to explain STR tax strategy clearly and confidently.
CPE & CE Credits
1 hour IRS CE (On-Demand) and 1 hour NASBA CPE (QAS Self-Study). Approved and accredited.
Certificate of Completion
Proof of your continuing education for your records and licensing requirements.
Knowledge Checks
Review questions throughout so you're not just watching, you're retaining and applying.
Optional Side Quests
Bonus deep-dives for when you want to go further (no CE for Side Quests).
Built by Someone Who's Done It
Phuc Ly
Phuc built Alpha B Group Tax and Bookkeeping into a firm of 17 people, managing around 800 clients with complex tax scenarios: stock options, rentals, multi-entity structures. The firm became Yelp's #1 rated tax firm in the country.
Along the way, Phuc trained a team capable of handling high-value client meetings, intricate tax planning, and complex work with minimal supervision. That strategic delegation helped grow the firm into a seven-figure business.
After selling the firm, Phuc launched Level Up Quest with one mission: help tax professionals take on more advanced work using visuals, storytelling, and analogies that make even the most complicated strategies click.
Start Learning for Free Right Now
This course is completely free. Get instant access to the full STR tax strategy training, earn your CPE/CE credit, and start walking into client meetings with a new level of confidence.
Course & Compliance Information
📚 Course Details
- Program Name: Short-Term Rental Tax Strategy
- IRS Program Number: NKOMQ-T-00046-25-S
- Publication/Review Date: July 25, 2025
- Delivery Method: Self-study, On-Demand (IRS), QAS Self-Study (NASBA)
- Program Level: Intermediate
- Prerequisite: None
- Advanced Preparation: None required
- Field of Study: Federal Tax Topic / Federal Tax Related Matter (IRS), Taxes (NASBA)
- CPE Credits: 1 IRS CE credit, 1 hour in Taxes (NASBA)
- Length: 1 hour plus optional Side Quests (no CE for Side Quests)
- Instructor: Phuc Ly, Enrolled Agent
🏫 Provider Information
NASBA CPE (QAS Self-Study)
NASBA Sponsor ID: 169326
Mastermind Advisors, Inc. DBA Level Up Quest is registered with NASBA as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
IRS CE
IRS Provider Number: NKOMQ
Mastermind Advisors, Inc. (dba Level Up Quest) is recognized and approved by the IRS Return Preparer Office (RPO) as a qualified sponsor of continuing education programs.