6.6 Mitigating Depreciation Recapture, Passive Income, and CPA TAX Insights

This is the audio version of one of our most popular webinars. For the full visual experience with slides, charts, and bonus breakdowns, head to theWealthElevator.com/video

Tax guide - theWealthElevator.com/TAX

Basic tax structures, highlights the distinction between ordinary and passive income, and elaborates on how real estate investors can benefit from depreciation and cost segregation to offset passive income, ultimately reducing adjusted gross income (AGI). It features insights from a seasoned CPA, Phuc, who provides clarity on complex topics such as passive activity losses (PALS), real estate professional status, and the implications of various depreciation methods.

00:34 Understanding Ordinary vs. Passive Income

01:23 The Power of Depreciation in Real Estate Investing

03:49 Exploring Cost Segregation and Its Benefits

14:10 Navigating Depreciation Recapture and Tax Strategies

16:23 Case Study: Maximizing Returns with Depreciation Strategies

17:58 Advanced Tax Planning: Capital Gains, Recapture, and Income Smoothing

29:38 The Role of a CPA in Real Estate Investment Strategy

31:24 Addressing Common Questions and Misconceptions

33:42 Navigating Real Estate Audits and Passive Losses

34:14 Syndication Deals and Rental Property Strategies

34:31 Accelerated vs. Regular Depreciation: A Comparative Analysis

36:54 Lowering AGI and Capital Gains Taxes: Strategies and Implications

37:54 Unlocking Real Estate Professional Status: Requirements and Benefits

40:53 Real Estate Professional Status: Detailed Qualifications and Strategies

43:03 Logging Hours for Real Estate Professional Status: Tips and Audit Insights

46:17 Understanding Passive Activity Losses and Tax Implications

52:36 Q&A Session: Addressing Common Tax Concerns and Strategies

To get the full visual experience with slides, charts, fun animated gifs head to theWealthElevator.com/video. The preceding is not tax, legal, or investment advice, nor an offer to sell securities or investment products. Always make informed decisions with professional guidance.

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