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890: 100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall
Manage episode 400040369 series 83575
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.
Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive.
So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!
In This Episode We Cover:
Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in
The high-priced coastal market that we love…but wouldn’t buy rentals in
A snowy northeast market that has low prices and big rent-by-the-room potential
A sleeper city with a big price tag but solid investing benefits
The not-so-sexy market that made the number-one spot and surprised us all
Unemployment rates, home prices, average rents, and top metrics you MUST check before investing
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
What Is Bonus Depreciation And How Does It Work?
What is Rental Property Depreciation & How to Calculate It
The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall
Connect with Brandon:
Brandon's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-890
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
1408 에피소드
Manage episode 400040369 series 83575
The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.
Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive.
So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!
In This Episode We Cover:
Four of the hottest housing markets in 2024 that we’d flip houses or long-term invest in
The high-priced coastal market that we love…but wouldn’t buy rentals in
A snowy northeast market that has low prices and big rent-by-the-room potential
A sleeper city with a big price tag but solid investing benefits
The not-so-sexy market that made the number-one spot and surprised us all
Unemployment rates, home prices, average rents, and top metrics you MUST check before investing
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
What Is Bonus Depreciation And How Does It Work?
What is Rental Property Depreciation & How to Calculate It
The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall
Connect with Brandon:
Brandon's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-890
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
Learn more about your ad choices. Visit megaphone.fm/adchoices
1408 에피소드
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