Tax Smart Real Estate Investors Podcast
298. From Schedule E to Cost Segregation: Tackling Taxes with an Expert Q&A
Nov 2, 2024
Discover essential tax strategies for short-term rental owners, including the differences between Schedule C and Schedule E. Learn about maximizing deductions on travel, meals, and home offices. Explore capital gains strategies and how to minimize tax liabilities using Qualified Opportunity Zones. Delve into the long-term tax benefits of losses offsetting future profits and the importance of accurate record-keeping. Plus, get tips on navigating potential IRS audits and year-end tax planning!
40:48
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Quick takeaways
- Correctly distinguishing between Schedule C and Schedule E is crucial for short-term rental owners to avoid self-employment income complications.
- Understanding the nuances of deductions for business travel, meals, and home office can significantly enhance tax optimization strategies for real estate investors.
Deep dives
Year-End Tax Impact Event
A virtual event focused on preparing investors for effective tax strategies in 2025 is introduced. This event will feature insights from industry experts discussing how political and economic changes will influence investments. Participants will receive guidance on essential tax optimization strategies to implement before the year's end. A VIP option offers exclusive access to expert panels and live Q&A sessions.
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