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Taylor The Investor에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Taylor The Investor 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Year-End Tax Tools for Real Estate Investors with Brian Boyd

30:25
 
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Manage episode 387890665 series 2514838
Taylor The Investor에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Taylor The Investor 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Investing with Taylor at www.investwithtaylor.com

Start your Solo 401k or SDIRA at www.passivewealthstrategy.com/rocket/

Brian Boyd is a tax attorney and experienced real estate investor. He has a master's degree in tax from Georgetown Law School and has written a book on building financial independence and tax-advantaged wealth through real estate investing. Brian offers coaching, mentoring, and online courses on tax and real estate matters.

Summary: In this episode, tax attorney and real estate investor Brian Boyd shares key tax mistakes and misconceptions that many people have. He emphasizes the importance of understanding the tax rules and seeking professional advice. Brian discusses topics such as passive activity losses, the short-term rental loophole, the heavy equipment tax deduction, and writing off car purchases on taxes. He also highlights the potential benefits of real estate investing and the need to educate oneself on the tax advantages. Brian encourages readers to read his book and take the time to understand the tax laws and regulations surrounding real estate investing.

Key Takeaways:

  • Passive activity losses can be used to offset income from real estate investments, but there are specific rules and exceptions that need to be followed.
  • The short-term rental loophole allows individuals who spend at least 100 hours a year on a short-term rental property to apply the tax benefits to their W-2 income.
  • The heavy equipment tax deduction, under section 168K, allows real estate investors to write off a portion of the purchase price of qualifying vehicles used for business purposes.
  • The bonus depreciation rule for heavy equipment allows for a 100% write-off in 2022, with decreasing percentages in subsequent years.
  • It is important to track business use and consult with an accountant or tax professional to ensure compliance with the tax rules.

  continue reading

703 에피소드

Artwork
icon공유
 
Manage episode 387890665 series 2514838
Taylor The Investor에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Taylor The Investor 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

Investing with Taylor at www.investwithtaylor.com

Start your Solo 401k or SDIRA at www.passivewealthstrategy.com/rocket/

Brian Boyd is a tax attorney and experienced real estate investor. He has a master's degree in tax from Georgetown Law School and has written a book on building financial independence and tax-advantaged wealth through real estate investing. Brian offers coaching, mentoring, and online courses on tax and real estate matters.

Summary: In this episode, tax attorney and real estate investor Brian Boyd shares key tax mistakes and misconceptions that many people have. He emphasizes the importance of understanding the tax rules and seeking professional advice. Brian discusses topics such as passive activity losses, the short-term rental loophole, the heavy equipment tax deduction, and writing off car purchases on taxes. He also highlights the potential benefits of real estate investing and the need to educate oneself on the tax advantages. Brian encourages readers to read his book and take the time to understand the tax laws and regulations surrounding real estate investing.

Key Takeaways:

  • Passive activity losses can be used to offset income from real estate investments, but there are specific rules and exceptions that need to be followed.
  • The short-term rental loophole allows individuals who spend at least 100 hours a year on a short-term rental property to apply the tax benefits to their W-2 income.
  • The heavy equipment tax deduction, under section 168K, allows real estate investors to write off a portion of the purchase price of qualifying vehicles used for business purposes.
  • The bonus depreciation rule for heavy equipment allows for a 100% write-off in 2022, with decreasing percentages in subsequent years.
  • It is important to track business use and consult with an accountant or tax professional to ensure compliance with the tax rules.

  continue reading

703 에피소드

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