In this week’s episode of the Tax Smart REI Podcast, Thomas Castelli and Ryan Carriere, CPA, put ChatGPT to the test to answer a question that’s on the minds of many real estate investors: Can AI actually replace your tax advisor?
Key topics covered:
- Where AI like ChatGPT performs well and where it fails
- Real-time testing of ChatGPT on short-term rental strategies
- Common AI mistakes on REPS, depreciation, and passive loss rules
- A new listener question ChatGPT got both right and wrong
- Why nuanced tax strategy still requires a real human advisor
- How IRS regulations trip up AI systems
- Real examples where relying on ChatGPT could lead to audit risk
Plus, Thomas shares a fresh, real-world test he ran through ChatGPT just hours after recording and breaks down exactly where it gave conflicting answers. If you’re using AI to guide your tax decisions, this is an episode you don’t want to miss.
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