Discover the irony of starting a real estate business with less than $2,000, and how tracking your basis can help you keep more money in your pocket come tax season.In this episode, you will be able to:Recognize the crucial role of basis in strengthening real estate and business foundations.Familiarize yourself with the concept of basis and its correlation with tax estimations.Examine the part of initial costs and personal expenses in formulating basis.Acquire the skill to manage basis for assets while factoring in earnings and outlays.Capitalize on tax preparation professionals to evade audit prompts and enjoy maximal returns."Understanding basis is the key to building a successful business."  – Jeff Hockett Connect with Jeff:Website: https://www.hocketttax.com/ Email: [email protected]   Twitter: https://twitter.com/taxgamecoach Facebook:  https://www.facebook.com/hocketttaxandpayroll YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 LinkedIn: www.linkedin.com/in/hocketttax Instagram:  https://www.instagram.com/hocketttax/ 

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