The Ryan Bakke Show

109. Year-End Tax Planning For Real Estate Investors feat. Bill Faeth

Dec 9, 2024

25:59

Join my Facebook group, Tax Strategies for Real Estate Investors, and become part of a community with 11,500+ high-level real estate investors

► Join here: ⁠https://www.facebook.com/groups/taxstrategyforinvestors⁠

In this episode, I sit down with Bill Faeth to tackle year-end tax strategies every real estate investor needs to know. We explore the importance of proper bookkeeping, navigating material participation rules, and the pros and cons of cost segregation studies. Bill and I also discuss why tax planning is about long-term strategy, not just short-term savings, and share actionable tips to optimize your tax position before the year ends.

Timestamps:

00:00:00 Intro

00:01:29 Why tax planning requires a long-term mindset

00:03:35 The three checks for proper bookkeeping

00:06:29 Prepaying taxes and IRS interest rate changes

00:09:15 The pros and cons of cost segregation studies

00:11:57 Tax-smart strategies for vehicle purchases

00:14:00 Prepaying expenses to maximize year-end deductions

00:16:34 How to pay your kids and fund their Roth IRAs

00:19:31 Material participation requirements for STR tax benefits

00:24:56 Building a strong audit defense with documentation

Interested in working with me? Apply here: