Jason Hartman welcomes back Brandon Hall, CEO of Hall CPA to talk about tax strategies for real estate investors. If you're a real estate investor, you really have to know the passive loss rules - you can’t afford not to! As Jason always says, …
Jason Hartman welcomes back Brandon Hall, CEO of Hall CPA to talk about tax strategies for real estate investors. If you're a real estate investor, you really have to know the passive loss rules - you can’t afford not to! As Jason always says, taxes are the single largest expense in most people's lives, yet people spend so little time understanding the tax code and learning how they can benefit from it.
Brandon Hall, The Real Estate CPA, shares multiple strategies and educates you on the ways you can significantly reduce and potentially even eliminate your tax bill through short term rentals and the passive activity loss rules of Section 469.
Don’t miss this SPECIAL OFFER on Brandon Hall’s Tax Smart courses at http://JasonHartman.com/taxsmart! Join his Tax Smart Bootcamp and short term rental property course and start your education today!
0:00 Welcome Brandon Hall, CEO of Hall CPA to talk about tax strategies for real estate investors
1:25 Long term and short term rental tax loopholes
2:54 Section 469 of the Internal Revenue Code: passive activity loss rules
4:57 RE taxes when you sell a property
6:20 Depreciation recapture
7:08 Cash flow today that you're not paying tax on
8:52 Tax loss from your rental real estate - passive and non passive income
12:04 Most real estate is going to produce net operating income positive cash flow, while simultaneously producing a tax loss
12:43 Use your suspended tax losses from rental real estate to protect your tax benefit
14:34 Investing in short term rentals & real estate professional tax status
16:23 A short term rental is not a rental activity under Section 469
18:09 Top three material participation qualifiers
19:20 Start self managing your rentals with software
21:12 Self managing is all about systems
22:15 The huge benefit of 1031 exchange
23:46 Qualifying as a real estate professional
26:47 Excess business loss rules
29:46 Bringing forward depreciation deductions through cost segregation
30:35 Losses can always offset business income or rental income
31:44 Biden tax plan
32:44 SPECIAL OFFER on Brandon Hall’s courses at http://JasonHartman.com/taxsmart! Join his Tax Smart Bootcamp and short term rental property course!
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