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98 \\ Real Estate Tax Benefits: CPA Advice on Passive Losses and Smart Strategies

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Thu 25 Apr 2024
Episode Link
https://smallbusinessfinance.podbean.com/e/98-strategic-real-estate-leveraging-professional-status-for-tax-benefits/

Thinking about using real estate investing to lower your taxes? In this episode, we break down what high-income earners need to know about real estate tax benefits, real estate professional status, and how passive losses really work. You’ll learn why most W-2 earners can’t use real estate losses, how depreciation and cost segregation affect small business tax planning, and ways to structure investments so those deductions actually count. We also cover strategies like investing in businesses, creating active income, and how a spouse’s involvement in real estate can open the door to bigger tax savings. If you’re looking for smart strategies and CPA advice to avoid common tax traps in real estate, this episode gives you the clear picture you need before investing.


 


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