Beat the IRS at Their Own Game! TAX SMART Investing, The Real Estate CPA, Brandon Hall

1 year ago
212

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 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 Foundation course at JasonHartman.com/taxsmart! Start your education today and use promo code HARTMAN for 50% off!

0:00 Welcome Brandon Hall, CEO of Hall CPA and TaxSmart Investors to talk about tax strategies for real estate investors
0:33 Taxes are the single largest expense in most people's lives
2:03 Brandon Hall, CPA, Tax Smart Foundation
3:00 Long term and short term rental tax loopholes
4:32 Section 469 of the Internal Revenue Code: passive activity loss rules
6:30 RE taxes when you sell a property
8:03 Depreciation recapture
8:50 Cash flow today that you're not paying tax on
10:01 Tax loss from your rental real estate - passive and non passive income
13:38 Most real estate is going to produce net operating income positive cash flow, while simultaneously producing a tax loss
14:17 Use your suspended tax losses from rental real estate to protect my tax benefit
16:07 Investing in short term rentals and real estate professionals
17:16 A short term rental is not a rental activity under Section 469
19:43 Top three material participation tests
20:53 Start self managing your rentals with software
22:45 Self managing is all about systems
23:30 The huge benefit of 1031 exchange
24:45 Qualifying as a real estate professional
28:33 Excess business loss rules
31:20 Bringing forward depreciation deductions through cost segregation
32:08 Losses can always offset business income or rental income
33:17 Biden tax plan
34:17 SPECIAL OFFER on Brandon Hall’s Tax Strategy Foundation course at JasonHartman.com/taxsmart! Use promo code HARTMAN for 50% off!

http://jasonhartman.com/taxsmart

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