Amanda Han, a tax strategist and real estate investor, shares her expertise on powerful tax-saving strategies. She discusses how to leverage 1031 exchanges and bonus depreciation to reduce your tax burden. Listeners will learn about the benefits of becoming a real estate professional and advanced tactics like cost segregation. Amanda emphasizes starting small in real estate investing while utilizing tax strategies and highlights the importance of effective collaboration with a CPA for maximizing financial benefits.

If you want to pay fewer taxes or outright avoid taxes in 2024, you’re in the right place. We’re about to give you all the last-chance tax tips and loopholes you can use NOW to pay WAY less in taxes in 2024. All of these are perfectly legal, but many will require some form of real estate investing. Don’t own any rental property yet? Not a problem! You can STILL start planning to pay lower taxes BEFORE you buy!We brought back our two favorite tax experts, Amanda Han and Matt MacFarland, on to the show to share all the last-minute tax tips YOU can use to pay Uncle Sam less and keep more in your pocket. Plus, Amanda and Matt share a tax “loophole” that anyone who makes under $100K per year OR owns a short-term rental property can use to save thousands, if not tens of thousands, in taxes.We’ll also get into common ways anyone can reduce their taxes through retirement account contributions, charitable donations, and more. Plus, the common misconception costing you thousands of dollars in write-offs that you never knew you could take!In This Episode We CoverThe one rental property “loophole” that allows you to take a MASSIVE deductionA huge real estate write-off any investor who makes under $100K is able to take Retirement investing and how boosting your nest egg can dramatically lower your taxesCommon real estate write-offs that you’ve probably missed How to use your home equity for tax-free income AND a big tax write-off What to do RIGHT NOW to avoid paying taxes in 2024 (and beyond!)And So Much More!Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-846Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Han & Mauricio Rauld, experts in real estate tax strategies, discuss LLC formation, avoiding tax surprises, accelerated depreciation, when to involve a CPA/attorney, S Corp benefits, minimizing liability for flippers, and more. They share insights on managing businesses, running multiple LLCs, and the benefits of real estate professional status. The podcast covers habits, books, and personal reflections for a BetterLife.

Tax experts Kiyoshi Simon and Amanda Han discuss common mistakes investors make in real estate taxes, the importance of evolving tax structures, and how to avoid driving CPAs crazy. They highlight the significance of strategic financial planning, partnering with CPAs, and the necessity of open communication for effective tax planning and business growth.

In this insightful discussion, Amanda Han, a CPA and tax strategist, shares her expertise on real estate tax strategies for investors. She reveals how to maximize profits through smart deductions and highlights the benefits of depreciation as a game-changer. Amanda simplifies concepts like the short-term rental tax loophole and material participation, making them accessible for everyone. She also emphasizes the importance of strategic tax planning for growth and generational wealth, debunking common misconceptions along the way.