Don’t File YET! One Big Tax Deduction You Could Be Missing Out On
With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to pay less to Uncle Sam, most real estate investors are missing out on a MASSIVE tax deduction that could be saving them thousands, if not tens of thousands, on their tax bill. What’s the write-off that even our host, Dave Meyer, didn’t know about? Stick around, or walk away from a HUGE tax savings.
Brandon Hall is a real estate investor-focused CPA. He knows the deductions, write-offs, and audit red flags that could be helping or hurting you. Today, he’s walking through whether or not you need a tax professional (a LOT of people DON’T), why you need to start tax planning BEFORE you buy your first property, the biggest real estate tax write-off that most people miss, and why you should WAIT to file your taxes to see if a MASSIVE real estate tax benefit is making a much-awaited comeback.
Need a tax professional to help you make the right tax moves? Find one for FREE with BiggerPockets Tax Finder: https://www.biggerpockets.com/busines...
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100% Bonus Depreciation Coming Back? (Do NOT File…Yet) w/Brandon Hall:
https://www.biggerpockets.com/blog/on...
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The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall:
https://www.biggerpockets.com/blog/on...
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Connect with Brandon:
BiggerPockets: https://www.biggerpockets.com/users/b...
LinkedIn: / brandonhallcpa
Website: www.therealestatecpa.com
X/Twitter: @bhallcpa or / bhallcpa
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/d...
Instagram: @thedatadeli or / thedatadeli
Show notes at: https://link.chtbl.com/BPRE
00:00 Intro
02:01 Should You DIY Your Taxes?
08:49 When to Outsource Your Taxes
11:25 The #1 Tax-Advantaged Asset
15:26 Best Hidden Tax Write-Off?
22:46 Bonus Depreciation Coming Back?
27:53 DON'T Make This Mistake
35:13 Find a Tax Pro Today!