753: Seeing Greene: CPAs Answer YOUR Top Investing and Tax Questions
BiggerPockets Real Estate Podcast
The Tax Benefits of Real Estate
Rental real estate is considered passive by the IRS. Money that you earn as a W2 employee or a business owner is considered non-passive. It's very difficult without jumping through all of these hoops to offset those against each other.
Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!
Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!
They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!
In This Episode We Cover:
How to avoid income tax through real estate investing (even with a W2 job!)
When to pull equity out of a property and how long to hold a rental
Crucial questions to ask a CPA and how to know that they’re truly “investor-friendly”
The 1031 exchange explained and when it’s NOT a good option for eager sellers
Private money lending and how to ensure your lender shares in your property’s tax benefits
Capital gains tax and how to AVOID it when selling a primary residence
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Hear Our Past Episodes with Amanda:
Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"
Hear Our Past Episodes with Matt:
Hear Our Past Episodes with Tom:
Connect with Amanda, Matt, & Tom:
Amanda's BiggerPockets Profile
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-753
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
