How to Unlock HUGE Real Estate Tax Deductions (Save THOUSANDS)

Want more real estate tax deductions? If you’re a savvy investor, you can use the tax code to avoid income tax, keep more money, and grow your portfolio even faster. But it’s hard to do so without a rock-solid CPA behind you. Thankfully, we have some of the world’s top real estate CPAs on the show, and they’re giving their take on tough tax questions (WITHOUT sending you a bill!). If you want to lower your tax burden, keep more of your hard-earned money, and play the tax game to WIN, stick around!

Welcome back to another Seeing Greene! This time, we’re joined by some of the most beloved real estate tax rockstars. Amanda Han, Matt Bontrager, and Tom Wheelwright have spent their careers helping real estate investors get the most out of their investments. From eliminating income tax to finding hidden deductions, boosting depreciation, and getting their clients into more tax-advantaged assets, these CPAs practice what they preach and are here to help you too!

They’ll be answering questions about how to unlock the MASSIVE tax benefits of real estate investing while working a W2, when to start an LLC, how to protect your assets, whether a 1031 exchange is really worth it, and how to find the right CPA. Their suggestions could save you THOUSANDS in taxes, so don’t miss this one!

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Hear Our Past Episodes with Amanda, Matt, and Tom:
Amanda:
49: https://www.biggerpockets.com/blog/2013-12-19-bp-podcast-049-tax-tips-amanda-han?utm_source=youtube&utm_medium=description&utm_campaign=none
162: https://www.biggerpockets.com/blog/2016-02-18-bp-podcast-162pay-irs-amanda-hancpa?utm_source=youtube&utm_medium=description&utm_campaign=none
utm_source=youtube&utm_medium=description&utm_campaign=none
370: https://www.biggerpockets.com/blog/biggerpockets-podcast-370-amanda-han-matt-macfarland?utm_source=youtube&utm_medium=description&utm_campaign=none

Rookie 77: https://www.biggerpockets.com/blog/rookie-podcast-77-amanda-han?utm_source=youtube&utm_medium=description&utm_campaign=none
Rookie 255: https://www.biggerpockets.com/blog/rookie-255?utm_source=youtube&utm_medium=description&utm_campaign=none
Rookie 260: https://www.biggerpockets.com/blog/rookie-260?utm_source=youtube&utm_medium=description&utm_campaign=none

Matt:
689: https://www.biggerpockets.com/blog/real-estate-689?utm_source=youtube&utm_medium=description&utm_campaign=none

Tom:
569: https://www.biggerpockets.com/blog/biggerpockets-podcast-569-tom-wheelwright?utm_source=youtube&utm_medium=description&utm_campaign=none
631: https://www.biggerpockets.com/blog/real-estate-631?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with the CPAs:
Amanda:
BiggerPockets: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @amanda_han_cpa or https://www.instagram.com/amanda_han_cpa/
Website: https://www.keystonecpa.com/

Matt:
BiggerPockets: https://www.biggerpockets.com/users/mattbontrager2?utm_source=youtube&utm_medium=description&utm_campaign=none
Website: https://www.truebookscpa.com/

Tom:
BiggerPockets: https://www.biggerpockets.com/users/twheelwright?utm_source=youtube&utm_medium=description&utm_campaign=none
Website: https://www.wealthability.com/
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Episode #753

Show notes at: https://www.biggerpockets.com/blog/real-estate-753?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
01:31 Quick Tip
02:14 Real Estate LLCs 101
05:02 Questions to Ask a CPA
08:03 Do Private Lenders Get Tax Benefits?
10:21 Asset Protection and Partnerships
16:18 Can I Live in a 1031 Exchanged Property?
19:08 Questions From the Comment Section
26:01 Can I 1031 into REITs or Syndications?
29:00 How to Unlock Real Estate Tax Benefits
34:00 How to Wipe Out a Taxable Gain
40:48 When Should I Pull Out Home Equity?
44:34 Connect With the CPAs!


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