Real Wealth Show: Real Estate Investing Podcast cover image

Real Wealth Show: Real Estate Investing Podcast

How Real Estate Can Give You BIG TIME Tax Savings!

May 31, 2024
Tax expert Brandon Hall discusses the importance of 100% bonus depreciation for real estate investors. He also covers topics such as qualifying as a real estate professional for tax savings, audit risks, and the differences in tax treatment between short term and traditional rentals.
27:52

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The Tax Relief for American Families and Workers Act may bring retroactive 100% bonus depreciation, benefiting real estate investors.
  • Filing extensions can reduce errors and penalties, essential for managing tax liabilities and audits effectively.

Deep dives

Update on 100% Bonus Depreciation

The Tax Relief for American Families and Workers Act, passed by the house, is awaiting approval in the Senate. One crucial aspect of this act is the retroactive application of 100% bonus depreciation to 2023, benefiting real estate investors. The bonus depreciation, gradually decreasing from 2023 to 2027, aims to provide significant tax benefits.

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