326. What to Do Now that Tax Day is Over + Answering Your Pressing Questions
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May 8, 2025
Dive into the latest tax updates for real estate investors! Discover insights on the upcoming 2025 tax bill and how SALT cap changes may impact you. Unearth the ins and outs of bonus depreciation for short-term rentals and learn how to make your REP logs audit-proof. Delve into strategies for grouping LP losses and navigate the complexities of real estate professional status. Plus, get expert answers to pressing listener questions that can enhance your investment approach!
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insights INSIGHT
Commit to One Strategy
Committing to one real estate investment strategy and executing it consistently leads to long-term success.
Pivoting lightly to improve is okay, but jumping from strategy to strategy reduces efficiency.
volunteer_activism ADVICE
Start Tax Planning Now
Start tax planning early for 2025 with a qualified advisor to maximize bonus depreciation benefits.
Don't wait until the tax bill passes; demand for advice will spike and slow access to experts.
volunteer_activism ADVICE
Heirs Reset Depreciation Basis
Heirs get a full step-up in basis at inheritance, resetting depreciation to fair market value.
Depreciation starts fresh for heirs on inherited rental property, regardless of prior depreciation taken.
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In this post 4/15 recap, Thomas and Ryan reflect on the key themes and expert interviews from the year so far, from tiny homes to creative finance, and reinforce a common truth: smart investing still works in today’s market if you stay focused and play the long game.
They also dive into what’s happening with the 2025 tax bill, including the outlook on 100% bonus depreciation, and answer real investor questions from email and the Tax Smart Facebook group.
Topics include:
- Real estate investment takeaways from interviews with Robuilt, Avery Carl, Henry Washington, and more
- What to do (and not do) after 4/15 for tax savings
- The latest on the 2025 tax bill and bonus depreciation
- How step-up in basis affects depreciation
- Using Form 3115 to catch up on missed depreciation
- REPS Log and time tracking for short-term rental investors
- Why LP losses don’t offset W-2 income—and what to do about it
- The lazy 1031 exchange strategy for exiting syndications
Remember to submit your questions at contact@therealestatecpa.com or the Tax Smart Investors Facebook group.
To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6
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Check out Thomas's new YouTube channel: www.youtube.com/@thomascastelli
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