Common Tax Mistakes Real Estate Investors Make

This week on the Rookie Podcast, we explore common tax mistakes real estate investors make with Amanda Han. Amanda is a familiar face to the BiggerPockets audience--she’s been featured on the BiggerPockets podcasts before and has written multiple books published by BiggerPockets (The Book on Tax Strategies for the Savvy Real Estate Investor & The Book on Advanced Tax Strategies). Amanda has worked with lots of real estate investors and invests in real estate herself, so today she’s answering some common questions that rookie investors have about taxes: what's with deductions, depreciations, home-office write-offs, expenses, legal entities, and when should you get a CPA?
1:38 Intro with Ashley and Tony
3:28 Interview with Amanda Han
50:04 Rookie Request Line + Pro Highlight
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The Book on Tax Strategies for the Savvy Real Estate Investor 👇
store.biggerpockets.com/produ...
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The Book on Advanced Tax Strategies:
store.biggerpockets.com/produ...
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How to hire the right CPA:
www.biggerpockets.com/blog/hi...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Follow Ashley and Tony on Instagram:
@wealthfromrentals or / wealthfromrentals
@tonyjrobinson or / tonyjrobinson
Episode 77
Show notes: www.biggerpockets.com/rookie77

[@jeromelittle7075]

Best BP video, thanks!

[@amandahancpa]

Thanks for watching Jerome!

[@nyd3454]

She is SOOO awesome. She’s such a wealth of knowledge but presents info in an accessible way… I especially appreciated the interview questions to ask a CPA. People ALWAYS talk about the importance of a good CPA but how would I know a good one as a rookie?!?! Thank you so much!

[@AmandaYHan]

Thank you so much for your comment and so happy you enjoyed it!!

[@funnystories77]

In the comments on passive losses from roughly 43:00 to 46:00, a) how do you document your hours and b) what if you cannot meet the hours tests?

[@KillroyX99]

Home office deduction: This is a deduction that appears to be something that TH-camrs like to talk about, but your CPA may advised against it. My CPA was OK with office expenses by computer, desk etc., but called the home office deduction a red flag and complicated

[@amandahancpa]

That is unfortunate. IRS has actually made home office deduction easier over the years with a standard method. Definitely speak with your own advisor though since each situation can be different.

[@roxannetan1947]

I can’t seem to find the episode with Travis Watts, could somebody reply with the link? 🙏

[@RealEstateRookie]

Here you go! th-cam.com/video/Q6nP1Eezj14/w-d-xo.html

[@asderlinasdwsxcdasd4898]

Its so difficult

[@gratefulblossom6119]

yeah me too, confusing