Scale Your CoLiving Real Estate Real Estate Tax Hacks Every Investor Needs with Amanda Han
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Jul 26, 2024 Amanda Han, a tax strategist and real estate investor, shares her expertise on powerful tax-saving strategies. She discusses how to leverage 1031 exchanges and bonus depreciation to reduce your tax burden. Listeners will learn about the benefits of becoming a real estate professional and advanced tactics like cost segregation. Amanda emphasizes starting small in real estate investing while utilizing tax strategies and highlights the importance of effective collaboration with a CPA for maximizing financial benefits.
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Amanda Han's Origin Story
- Amanda Han grew up in a family of real estate entrepreneurs but was initially steered towards stable accounting jobs.
- She worked with real estate clients but only began investing herself after her husband encouraged it, changing her perspective dramatically.
Investing Changes Tax Perspective
- Becoming an investor transformed Amanda's view of tax returns from numbers to strategic tools.
- She saw firsthand the complexities and benefits investors miss without hands-on experience.
Reduce Taxes with Real Estate Strategies
- To reduce high W-2 taxes via real estate, create tax-efficient rental income with cash flow and depreciation deductions.
- Adjust work hours to qualify as a real estate professional or use short-term rental strategies to offset W-2 income.