Chuyển sang chế độ ngoại tuyến với ứng dụng Player FM !
61. Pro Tax Advice directly from my CPA (part one)
Manage episode 282105074 series 2844806
I’ve mentioned the benefits of being a real estate investor when it comes to taxes in prior episodes, but no one knows this subject better than Amanda Han, my CPA and personal tax advisor. She sees the behind-the-scenes PROOF that short-term rentals can yield excellent returns! Since Amanda is the professional in the space I thought it would be great to bring her on in a 2-part series to hear directly from the source. You don’t want to miss this! In this first part we’ll cover:
- How does the IRS define a short-term rental?
- How can you offset W2 income or business income with STR expenses?
- Are you offering services with your rental? What do you need to consider?
- Passive income vs. business income - what's the difference?
- Becoming a real estate professional? What does that mean and what are the benefits?
- Why many investors are looking to STR’s to help with their taxes as long as they “materially participate” - What does that mean?
- The different types of depreciation benefits
This is the first part of a two-part series so make sure to tune in next week so you don’t miss a thing.To find out more about Amanda and her company “Keystone CPA” visit www.keystonecpa.com
To find out more about cost segregations you can contact Scott at scott@sudykainc.com
Thinking of doing a 1031 exchange? Check out http://www.exeter1031.com/
Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual
For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com
If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy”
Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.
228 tập
Manage episode 282105074 series 2844806
I’ve mentioned the benefits of being a real estate investor when it comes to taxes in prior episodes, but no one knows this subject better than Amanda Han, my CPA and personal tax advisor. She sees the behind-the-scenes PROOF that short-term rentals can yield excellent returns! Since Amanda is the professional in the space I thought it would be great to bring her on in a 2-part series to hear directly from the source. You don’t want to miss this! In this first part we’ll cover:
- How does the IRS define a short-term rental?
- How can you offset W2 income or business income with STR expenses?
- Are you offering services with your rental? What do you need to consider?
- Passive income vs. business income - what's the difference?
- Becoming a real estate professional? What does that mean and what are the benefits?
- Why many investors are looking to STR’s to help with their taxes as long as they “materially participate” - What does that mean?
- The different types of depreciation benefits
This is the first part of a two-part series so make sure to tune in next week so you don’t miss a thing.To find out more about Amanda and her company “Keystone CPA” visit www.keystonecpa.com
To find out more about cost segregations you can contact Scott at scott@sudykainc.com
Thinking of doing a 1031 exchange? Check out http://www.exeter1031.com/
Want a crash course in just two days with everything you need to know to find, acquire and operate a short-term rental with passive operations? Good news! We have our latest live webinar recording available here; https://restmethods.com/virtual
For more info on finding the best properties join our email list and get our free guide and more at www.restmethods.com
If you want to learn more about Tim’s journey, email us at resilience@restmethods.com for a free copy of the Amazon Best Selling book Tim co-authored: “Resilience, Turning Your Setback Into a Comeback.” Please make sure your subject line says “Book Copy”
Are you enjoying the podcast? Please subscribe, leave a rating and a review, and share it! This helps us reach others that may find the info helpful as well.
228 tập
Tất cả các tập
×Chào mừng bạn đến với Player FM!
Player FM đang quét trang web để tìm các podcast chất lượng cao cho bạn thưởng thức ngay bây giờ. Đây là ứng dụng podcast tốt nhất và hoạt động trên Android, iPhone và web. Đăng ký để đồng bộ các theo dõi trên tất cả thiết bị.