291. The Power of Section 179 for Commercial Real Estate and Short-Term Rentals w/ Nathan Sosa, CPA

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Sep 17, 2024

Nathan Sosa, a CPA specializing in real estate tax implications, joins the discussion to unveil the power of Section 179 deductions. They dive into how these deductions can significantly benefit commercial real estate investors and short-term rental owners. Key topics include strategies to offset W-2 income and the limitations that arise in partnerships. Listeners learn about the importance of consulting tax professionals to avoid pitfalls and maximize their tax savings under evolving depreciation laws.

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Intro

00:00 • 2min

Unlocking Section 179 for Real Estate

02:23 • 5min

Understanding Section 179 Deductions for Real Estate Investors

07:16 • 4min

Maximizing Section 179 Deductions in Real Estate

11:02 • 6min

Navigating Section 179 for Real Estate

17:31 • 6min

Maximizing Tax Benefits: Section 179 for Rentals

23:37 • 6min

Maximizing Tax Savings with Section 179 Strategies

29:35 • 3min

In this episode of the Tax Smart REI podcast, Thomas Castelli and Nathan Sosa explore the often overlooked Section 179 deduction and its potential benefits for commercial real estate investors and short-term rental owners. As bonus depreciation phases out, Section 179 is becoming more relevant for those looking to immediately expense certain capital expenditures. You’ll learn: - How to strategically use Section 179 to offset W-2 income - The limitations when held in partnerships - The recapture implications investors need to be aware of. Whether you’re a seasoned commercial real estate investor or getting started with short-term rentals, this episode will help you navigate the complexities of this tax strategy. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Get the Top 8 Mistakes Real Estate Investors Make: go.therealestatecpa.com/3ygHVrJ Join the Tax Smart Insiders Community: go.therealestatecpa.com/3Xx1Cpd Learn more about Property Llama: www.propertyllama.com/taxsmart Checkout Thomas's new YouTube channel: www.youtube.com/@thomascastelli The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.