E002: Minimizing Income Tax with Commercial Real Estate Investing - Tax Code Explained

Looking for ways to minimize your income tax payments? Join Bo Barron, CCIM and his brother Timmy Barron, ADHD as they delve into the tax code and explore how investing in commercial real estate can help. Bo provides valuable insights into cost segregation studies, bonus depreciation, 1031 tax-deferred exchanges, and other tax strategies that can help investors build generational wealth. Timmy didn’t know any of this. Plus, test your knowledge with a pop quiz at the end of every episode - can you beat Timmy's score? If you're interested in commercial real estate and tax planning, this episode is a must-watch. Don't miss out on these valuable tips for minimizing your income tax payments. 📒Show Notes📒 🎉Join the party, stay informed, access bonus content, the blog and more: tinyurl.com/CRE-Podcast-sign-up Subscribe and listen to Commercially Speaking Here: YT:  @commerciallyspeaking  Spotify: ⏰Time Code⏰ 00:00 - Intro 00:53 - 4 Reasons To Buy Real Estate 01:17 - Appreciation 01:31 - Depreciation 02:30 - Tax Shelter 03:05 - Depreciation - Deeper Look 06:01 - Cash Flow 06:27 - Equity 07:28 - Last Of Us 07:53 - Cost Segregation Study 09:18 - Depreciate Faster 09:50 - How Trump Paid No Income Tax 10:41 - Getting The Money To Buy CRE 11:16 - Bonus Depreciation 13:07 - Story Time (Example) 15:11 - Bonus Depreciation Sunset 16:07 - How & Why? 17:07 - The CRE Depreciation Special 18:19 - Qualifying As A Real Estate Professional 19:04 - Doing Your First Deal 20:53 - You haven’t missed your chance - Cost Seg 22:41 - The Moment Bo Realized 24:09 - Finding Investors 25:04 - The government will get theirs 25:32 - Cost Recovery Tax 26:45 - 1031 Tax Deferred Exchange 27:22 - Stepped Up Basis 27:42 - CRE Investor’s big strategy 28:47 - Socialism vs Capitalism 33:20 - Pop Quiz! 40:43 - Outro ---- 📲 Connect with us: Subscribe to our Youtube: https://www.youtube.com/@commerciallyspeaking Follow us on Twitter: @comspeakpod & @bobarronccim Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking ---- Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron