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Real Estate Investing with Coach Carson

#282: How to Avoid Income Taxes (Legally) With Real Estate Investing

Mar 13, 2023
01:05:57

Episode #282 - If you make $100K in earned income, you may pay ~$30K in income taxes. But say you make that same $100K in rental income, you can (legally) pay $0 of taxes, instead. Find out how and discover the tax form that every real estate investor should know. 

COMPANION ARTICLE/SHOW NOTES/LINKS: https://www.coachcarson.com/avoidincometaxes/

 

TIMESTAMPS:

0:00 - Power of Real Estate

1:44 - Behind the scenes

5:11 - CPA firm + REI

8:42 - Rental vs. Earned Income

13:40 - Depreciation

20:14 - Passive Losses

23:49 - Cost Segregation

33:25 - Short-term Rental

38:34 - Real Estate Pro

44:32 - Buy & Hold Long-term

53:28 - 1031 Exchange

57:29 - Self Directed IRA

1:02:21 - Connect with Brandon

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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:

- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine

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💰CREATIVE FINANCING COURSE🏘️Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork!

https://coachcarson.com/creativefinancing

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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast

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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1

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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit

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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/

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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook

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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson

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