Fujikawa & Associates

The old $10K tax cap changed how homeowners saved money—and not in a good way.

If you were paying $20K–$40K in property taxes, most of it wasn’t even deductible.

Now with a higher SALT cap, combining property taxes, state taxes, and even small deductions like donations could help you itemize and save more.

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Short-term rentals aren’t as passive as people think.

Most bookings happen during weekends and holidays, which means that’s when problems show up too.

From plumbing issues to guest concerns, you’re often working during your personal time.

This is the hidden trade-off many people don’t talk about.

Unlike long-term rentals, short-term setups demand constant attention and quick responses.

If you want more freedom, you’ll need systems, automation, or even a property manager.
Otherwise, your “side income” can slowly turn into a full-time responsibility.

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This tax move can offset your W2 income and change how you think about investing.

When your rental property shows a loss—especially through bonus depreciation—that loss can offset other income like your salary or business profits.

For example, if you generate a $100K paper loss and only make $50K from the property, the remaining $50K can reduce your W2 income.

This is why many investors focus on “paper losses” vs actual cash flow early on.

It’s not just about making money—it’s about keeping more of what you earn through smart tax strategy.

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Bonus depreciation can save you big on taxes—but it’s not automatic.

You can’t just hire a property manager and walk away; the IRS expects you to do the majority of the work yourself.

Keep detailed records of your hours, because large refunds may draw extra scrutiny. For example, if you claim 500+ hours without proper documentation, it could trigger a deeper look by the IRS—even if it’s not a full audit.

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Starting a business “by the seat of your pants” sounds exciting—but it can backfire fast.

Choosing the right entity (like an LLC or corporation) affects your taxes, liability, and how you run your business long-term.

If you have partners, clear agreements and proper setup protect everyone, avoid conflicts, and keep things running smoothly.

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2026 tax changes are here… and most people are either missing them or getting them completely wrong 👀

In this episode of Office Hours, sat down with to break down what actually matters for real estate investors, business owners, and high-income earners.

We’re talking:
– 100% bonus depreciation (yes, it’s back… but there’s nuance)

– SALT cap jumping from $10K → $40K (with income phaseouts)

– How STRs + cost seg can unlock ~15–20% upfront deductions

– When you can ACTUALLY offset W-2 income

– The real rules behind material participation (and what triggers IRS scrutiny)

– Why California plays by a completely different rulebook

– LLC vs S-Corp… and when it actually matters

This isn’t theory — this is how we’re thinking about taxes as investors and operators right now.

If you’re building, investing, or scaling… this is one you don’t want to skip.

👇 Watch the full breakdown on YouTube (link in bio)