How to REDUCE Your Income Taxes Legally...Using Real Estate

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If you're a typical W-2 employee, you'll notice quickly that there are not many tax write-offs you can do every year. Same even goes for business owners! It wasn't until later in my career that I realized real estate has an immense effect my tax savings ever year. I wanted to share the information I know about having rental property on my tax return and to save you the time that I spent so many years looking for an answer to! Let's discuss: How to REDUCE Your W2 Income Taxes Legally...Using Real Estate

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc
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Karlton you are the best . I am a full time RE agent and You saved me a lot of money in taxes.

bonngure
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You can get a home loan to include a VA loan without using taxes. It's not actually a requirement. I got a VA loan without using taxes

briandeluca
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Every single video I've watched so far, you were able to enlighten me with actual and practical ideas. Talking about Value! Thank you!

AegisLocksmithServices
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Thank you ❤
But what if a small landlord with one apartment in a duplex hasn’t a mortgage
Is there a different strategy

charlotia
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Can I use depreciation on a property that had been bought through seller financing?

joseleandrogobea
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What tax accountant would you recommend in the Atlanta area? Wanting to buy our first rental.

jenniferharrelson
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Hi..I have one question . In a year I pay around 12k taxes as a full time employee working for a company. Can I get tax deductions if I buy a rental property and repair it?

КонстантинКухилава
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Would I be able to use the depreciation for my rental property if the property is under my LLC?

mathewhenry
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Should I buy a rental property every year then write off 350k worth of w2 income?

aparadaeessa
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I have an electrical installations business, what would be the best way to buy realestate? Reinvest the income as a down payment and take a loan to buy realestate?

yosefabramov
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Do you do taxes or recommend someone that knows these strategies?

cuttinedge
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So do a person have to b makin more than $150, 000 to benefit from real estate tax privileges?

rondabolton
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Does Air BnB of one bedroom in your primary residence count ?

austinparker
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Don’t do it folks; u never mess the irs

They always win

mlbonfox
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But ... if your modified AGI exceeds certain amount, you can't deduct passive loss, unless certain exception applies to you.

ew
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What about if you’re house hacking and you are renting part of your primary residence? What would be the best option for claiming your rental income and writing off all the expenses associated with my rental?

chrislagazo
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Hey can you write off the depreciation of a car. And would this be a cheaper way to write off depreciation?

tajuanabrewster
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If I refinance my rental to get cash to invest in another property, would I be able to deduct from my taxes the interest pay of the new mortgage?

rocioprice
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Is there still depreciation recapture if you claim accelerated depreciation but don't sell the property for 27.5 years?

Steven-vinb
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Incredibly informational. You are a boss! Thank you

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