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Toby Mathis is joined by Amanda Wynalda, a tax attorney with Anderson Business Advisors, to discuss crucial tax strategies for real estate investors and rental property owners.
Toby and Amanda discuss the practical steps involved in cost segregation and how property owners can leverage these strategies to enhance their tax position.
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By understanding and implementing these techniques, rental property owners can optimize their tax savings, improve cash flow, and reinvest in their properties more effectively.
Whether you’re new to real estate investing or a seasoned professional, this discussion offers valuable insights to help you achieve your financial goals.
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Show Notes:
0:00 Intro
0:25 Not Taking Depreciation
1:34 Not Accelerating Depreciation (Cost Segregation)
3:44 Not Claiming Real Estate Professional Status
6:52 Short-Term Rental Loophole
9:21 Property Management C-Corp
10:57 1031 Exchange
12:59 Personal Residence into a Rental
16:29 Gifting Your Property to Your Kids
18:59 Holding Appreciable Property In An S-Corp
22:37 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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