The Wealth Elevator Podcast: Real Estate, Taxes, Investing cover image

Why You Need to Protect Your Assets | Tax Audit With Clint Coons

The Wealth Elevator Podcast: Real Estate, Taxes, Investing

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Navigating Asset Protection and Tax Strategies

This chapter focuses on asset protection strategies for managing family assets while addressing complex tax situations related to passive income. It outlines critical approaches for real estate investors to qualify for tax deductions, emphasizing the benefits of self-managing properties and engaging in short-term rentals. The discussion also highlights challenges related to K-1 forms, IRS scrutiny, and new regulations affecting business owners.

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