The Top 5 Rental Property Tax Deductions

preview_player
Показать описание

You can use these rental property tax deductions and real estate tax write-offs to lower your tax bill by hundreds, thousands, tens of thousands, or MORE every year. The best part? EVERY landlord, whether you own one or a hundred rental properties, can use these tax write-offs to get a bigger tax return OR owe less to Uncle Sam come April. Tom Wheelwright, CPA and Rich Dad Advisor has been taking advantage of these tax tips for FORTY YEARS, and now you can too!

One of these write-offs is so good that Tom calls it the investor's “secret weapon,” allowing you to deduct as much as twenty percent of your property cost in just one year! That could mean tens of thousands back in your pocket, allowing you to build your rental property portfolio faster or keep more reserves for renovations and repairs. If you’re not already taking these MASSIVE write-offs, now’s the time!

~~~~
Join BiggerPockets for FREE 👇
~~~~
Find an Investor-Friendly Agent in Your Area:
~~~~
Find Investor-Friendly Lenders:
~~~~
Rich Dad’s CPA Shares 5 Steps to Eliminate Income Taxes through Real Estate w/Tom Wheelwright:
~~~~
CPAs Answer YOUR Top Investing and Tax Questions:
~~~~
20 Can’t-Miss Rental Property Write-Offs:
~~~~
Connect with Tom:

00:00 Top 5 Tax Deductions!
01:08 Sponsor: Steadily!
01:50 1. Mortgage Interest
02:25 2. Property Taxes
03:20 3. Insurance
03:43 4. Depreciation
04:36 5. Management and Repairs
05:39 Bonus: Home Office!
06:27 Connect with Tom!
Рекомендации по теме
Комментарии
Автор

Incredible Tom thank you so much!! We need more tax pearls from BP please

Ambrosha
Автор

Which of these can you deduct against active income? Your regular job income

natersdawg
Автор

Hi Tom, at the end you said the home office can double your auto deduction. What do you mean by this? Thanks again, Tom!

MattyB
Автор

If it’s over 750k, can you still deduct the first 750k interest?

escesc
Автор

Do tax advantages on repairs apply for flips?

TheEthanHunt