Tax Planning and Partnership Tax Benefits Discussion with Guest Speaker

Guest Natalie Kalati emphasizes the critical nature of accurate tax filing and the ramifications of errors. The conversation explores the complex topic of partnership losses and the distribution of tax benefits among partners, with further insights to come in the episode.

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Need to estimate rehab costs or calculate ARV (after-repair value) on a property? For new investors, these tricky tasks can often make or break a deal. But, as always, our hosts are here to deliver some helpful tips!

Welcome back to another Rookie Reply! After diving into rehab costs, discussing hard money, and weighing the pros and cons of FHA loans, real estate tax strategist Natalie Kolodij returns to the show to deliver some extra tax advice. She talks about passive losses and why you need to carefully track them from year to year, as well as how tax benefits are allocated in real estate investing partnerships. Stick around until the end to learn the ONE mistake you can’t undo on your tax return!

If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover:

How to estimate rehab costs and calculate after-repair value (ARV)

The pros and cons of FHA loans (and when to get a conventional loan instead!)

How to find the right hard money lender for your next deal

Why you NEED to track your passive losses (even if you can’t use them this year)

The ONE tax benefit you can never get back if your taxes are filed incorrectly

Using losses to offset earned income with the short-term rental “loophole”

How tax benefits are allocated in a real estate partnership

And So Much More!

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