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569: Rich Dad's CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright
BiggerPockets Real Estate Podcast
Tax Cuts and Jobs Act - What's the Real Deal?
The tax coat allows you to accelerate how quickly you take the depreciation on those specific assets, right? Correct? And the normal rule is somewhere between five to seven years for those, and about 15 years for the land improvements. The true magic comes from the two thousand 17 tax cuts and jobs act, where we now get those two items, land improvements and the contents, we get to deduct a hundred % the first year. We don't have to wait five years, seven years, 15 years to take the deduction. We can take it all in the firstyear. That's the magic form. Then. Soi seen cost segregations for small properties be as little as two thousand dollars and
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