097. Tax Strategies for Long-Term Rental Investors

26/08/2024 17 min

Listen "097. Tax Strategies for Long-Term Rental Investors"

Episode Synopsis

Ready to save $10k-$50k in taxes this year? Book a call here:► https://taxstrategy365.com/pod-appIn this episode of the LearnLikeaCPA show, we're diving deep into long-term rental strategies that real estate investors can use to save money on taxes. I'm sharing insights from my recent tax strategy bootcamp, breaking down how to maximize tax benefits and minimize liabilities through strategic real estate investments.Timestamps:00:00:00 Intro00:00:50 Earned vs. Passive Income00:02:38 Avoiding FICA Taxes with Real Estate00:04:39 Depreciation and Cost Segregation00:05:55 Missed Deductions00:07:29 After-Tax Cost of Investments00:08:51 Maximizing Tax Savings with Strategic Spending00:10:07 Using Passive Losses to Offset Other Income00:14:25 Lazy 1031 Exchange Strategy00:16:34 Real Estate Professional StatusWant me to answer your questions live? Come to my next Ask Me Anything Q&A:► https://taxstrategy365.com/pod-amaLet's connect!► Instagram: https://www.instagram.com/ryanbakkecpa/► LinkedIn: https://www.linkedin.com/in/learnlikeacpa/► Twitter: https://x.com/RyanBakkeCPA► Facebook: https://www.facebook.com/ryanbakkecpa► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠*None of this is meant to be specific investment advice, it's for entertainment purposes only.