2146: Tax Talk: Understanding Cost Segregation and Other Key Strategies for Real Estate Investors with CPA Amanda Han

Jason discusses saving on taxes with returning guest CPA Amanda Han. He emphasizes the significance of taxes as life's largest expense and the benefits of real estate investment for tax savings. Jason highlights the record number of mortgage-free homeowners in the US, attributing the slight decline to increased investor interest in leveraging investments. Using an interactive map, he illustrates regional variations in mortgage-free homeownership, noting higher percentages in linear markets. Hartman advises prudent investment in linear and hybrid markets for lower downside risk and better long-term returns.

Then Jason and Amanda, a certified public accountant and author, discussed the potential negative impact of the 2024 budget proposal on real estate investors, the benefits of cost segregation for tax reduction, and the advantages of being a real estate professional. They also highlighted the importance of tax planning, the depreciation schedule for breast implants, and the potential for cost segregation. Lastly, they cautioned against tax misconceptions and encouraged listeners to consult with their CPAs for maximum tax benefits.

https://www.jasonhartman.com/costseg/

https://www.keystonecpa.com/

#RealEstateTaxSavings #CostSegregationHack #AccelerateDepreciation #RentalPropertyTaxTip #TaxProTip #RealEstateInvesting #TaxSavings #MortgageFree #LinearMarkets #InvestmentStrategy #FinancialAdvice #WealthBuilding #PropertyOwnership #MarketAnalysis #EconomicInsights #AssetAllocation #SmartInvesting

 

Key Takeaways:

Jason's editorial

1:29 Life's greatest expense

2:17 Free and clear houses

3:18 Economic cushion

5:50 Mortgage-free owners; interactive map

Amanda Han interview

11:14 Welcome Amanda Han

11:57 Taxes- the silent wealth killer

14:52 Cost segregation and other tax write offs

20:17 Who can and should use it

24:19 A few misconceptions of cost seg

26:09 Being a RE professional

29:47 Going to ZERO tax

31:43 More benefits 

37:25 Take time to plan

 

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