11 Most Effective Strategies To Reduce Taxes For Real Estate Investors
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- เผยแพร่เมื่อ 19 มิ.ย. 2024
- Are you looking for a way to reduce your taxes while investing in real estate? Well, here are the 11 most effective strategies to reduce taxes for real estate investors.
"If you're an investor, this is for you" 7:15
Is it possible to reduce taxes?
The short answer is yes!
You may be surprised by all the ways one can reduce their taxes as a real estate investor.
Taxes can feel like a daunting task when involving one's self in the world of real estate but fear not as there are ways to combat those high numbers.
Hopefully, you are able to take these 11 strategies and apply them to your real estate investing journey.
Learn about Real Estate & Asset Protection from Clint Coons, Esq, and Toby Mathis, Esq. at our next all-day free Livestream from 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: Save Your Seat: aba.link/39bb66
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Did we miss any other strategies? Be sure to leave a comment!
Show Notes:
0:00 Intro
0:44 #1 Deduct
2:17 #2 Accelerating Depreciation
3:30 #3 Bonus Depreciation
5:12 #4 Repairs
7:26 #5 Return of Capital
8:39 #6 Borrow
10:35 #7 1031 Exchange
11:29 #8 121 Exclusion
13:22 #9 Installment Method
14:24 #10 Real Estate Professional
17:45 #11 Airbnb
21:07 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#taxes #realestate #tobymathis - แนวปฏิบัติและการใช้ชีวิต
Learn about Real Estate & Asset Protection at our next ALL DAY FREE LIVESTREAM 9 AM to 4 PM PT. Our attorneys and specialists answer ALL questions you bring to us at this event we have two times a month. Save Your Seat: aba.link/39bb66
Great video, very informative! 🙏
Excellent information GreAt video in the morning and waiting for the afternoon Tuesday. Thank you for me is like college.
Thanks your the Best
Hi Toby, It's a great video!. I was wondering would you make any video on Offshore(Foreign) rental property? US Taxes/Dual Taxes/LLC consequences?
We will consider it.
@@TobyMathis Thanks!
Thank you!
You're welcome!
Great video! Alot of great ideas. I've been thinking of retiring to the Vegas/Henderson area to save on taxes. May invest in property there too. SoCal is very expensive to live and for taxation😕
I only have one property and don't plan on getting anymore. Is one house pretty cut and dry as far as tax advantages?
Can you speak to airplane bonus depreciation.
Hi Toby, would u or Clint be able to do a video on proper asset protection in California where there is a primary residence + a detached ADU on the same parcel? The ADU in this case would have a separate address. Thanks
Great suggestion! We will make a note of it!
Hey Toby. What about the RV rental business on say Outdoorsy or RVshare. I plan to rent it out as a daily or weekly rental, can it be considered an Airbnb? Say I bought one for $100,000 how would I be able to deduct the cost as a business expense or payback to me?
What happened if you have full time job, will it impacts on the 10-Red Pro/activity 25k, or qualify for the 25K loss?
I have an S Corp, how can I lower taxes through real estate. Would love a video with details
Love your content Toby!
I have a question about offsetting passive depreciation and income from cashing out my IRA before I'm 59 1/2.
First, my wife is a Realtor and I am a home builder and own a construction business. I also have an LLC and invest in Syndications for multifamily housing. We also own single family rentals.
1. Is there any way to avoid paying the 10% penalty from early withdrawal.
2. Can my depreciation from my rentals and Syndication K-1 depreciation offset the income I take from cashing out the IRA, to invest in Real Estate.
Can you do a video that addresses this?
Thanks Toby!
Hi Tobby, I built 3-5 new homes a yr. How do I make the transfer from my new built home to a rental or AirBnB?
for depression acceleration, it has to be with the year the property was built?
Depression? Haha
Toby could you please do a video about schedule R tax credit for the disabled and elderly i understand it could save people 5 to 7 thousand dollars on their tax bill no one seems to be talking about this can you do a video on it
I guess it is only related to American taxation system. Living in Australia would have different methods and options, wouldn’t it?
What if you buy a 2 family house, live in 1 apartment and rent out the other. Can you depreciate?
Great idea. My first house was a triplex.I loved in one rented 2. I think we depreciated the 2 rental units. Now I rent 3. It's been a great property-rents have gone up, property value up.
Toby, let me be your Spanish interpreter. I am translating all info and teaching my audience.
Hi Toby, I’m in CA and my wife wants a CA based attorney that we can talk to. Do you have an office/referral in the SF bay area?
While we do not have a physical location in CA, we do operate there. Here is a link to our website andersonadvisors.com/
What is a normal fee for a professional tax preparation that has all the knowledge in real estate investing tax prep
You can set up a free consultation here: aba.link/ame
And what happens to the deductions after 27.5 years?
No more deductions after 27.5 years; it's fully depreciated. So in his example of a property that you buy for $1M, $200K of which is land, then after 27.5 years the tax basis is now $200K (the other $800K being fully depreciated). And so if you sell it for $1.5M, you'd have $1.3M of capital gain.
👍❣👋🐢
Excellent video(s). However, in reviewing your Yelp rating, some of the comments from your clients are somewhat discouraged. I am looking for someone like yourself to work with but I am afraid that I am going to end up some trainee who either have no idea or no experience.
We would recommend checking our our profile on the BBB website. We also offer free consolations if you ever want to gain a feel for the quality Anderson provides.
The wise stay financial stable by spending less and investing more and the unwise remains poor by spending more and yet not investing like the wise ones do.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks
Don’t get 1099’s