276. Dealer Status and the IRS: What Real Estate Investors Need to Know

Jun 4, 2024

Join Nathan Sosa, CPA as he discusses dealer status importance, real estate investment strategies, and the Winthrop Factors with Ryan. Learn how to ensure you pay capital gains taxes and not ordinary income taxes when selling a property.

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Introduction

00:00 • 3min

Tax Implications for Real Estate Investors vs. Dealers

03:00 • 5min

Analyzing Distinctions Between Capital Investments and Dealer Status in Real Estate for Tax Purposes

08:28 • 4min

IRS Evaluation of Real Estate Investor vs Dealer Status

12:32 • 12min

Optimizing Tax Benefits in Real Estate Investments

24:13 • 16min

Navigating Real Estate Transactions with IRS Compliance

39:57 • 6min

In this episode, Ryan is joined by Nathan Sosa, CPA to discuss what it means to have dealer status when selling a property. They cover: - Dealer Status Importance - Real Estate Investment Strategies for Seller Status - The Winthrop Factors & the Legal and Tax Framework - Practical Advice and Planning for Preferred Tax Status This is a heavily audited topic in recent years. So if you're curious about what factors the IRS will consider when selling a property to help you ensure you pay capital gains taxes and not ordinary income taxes, this an episode you don’t want to miss. To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast Apply to join the Hall CPA team at www.therealestatecpa.com/careers Follow Us On Social Media Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Join our Facebook group: www.taxsmartinvestors.com/facebook Subscribe to or weekly newsletter for more tax tips: newsletter.taxsmartinvestors.com/podcast Follow Thomas: twitter.com/thomascastelli_ Follow Ryan: www.linkedin.com/in/ryancarriere/ 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.