With so many real estate tax write-offs, it’s no wonder that CPA Brandon Hall says rental real estate is one of the most tax-advantaged assets on the planet. But, even with so much free-flowing information on how to pay less to Uncle Sam, most real estate investors are missing out on a MASSIVE tax deduction that could be saving them thousands, if not tens of thousands, on their tax bill. What’s the write-off that even our host, Dave Meyer, didn’t know about? Stick around, or walk away from a HUGE tax savings.
Brandon Hall is a real estate investor-focused CPA. He knows the deductions, write-offs, and audit red flags that could be helping or hurting you. Today, he’s walking through whether or not you need a tax professional (a LOT of people DON’T), why you need to start tax planning BEFORE you buy your first property, the biggest real estate tax write-off that most people miss, and why you should WAIT to file your taxes to see if a MASSIVE real estate tax benefit is making a much-awaited comeback.
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Dave:
Hi everyone, and welcome to the BiggerPockets podcast. I’m your host, Dave Meyer here, wishing you a happy early tax day. Now, I know probably most of you are thinking you don’t wish people a happy early tax day, but in the real estate investing industry, taxes are actually one of the benefits that we enjoy as real estate investors. So whether you’ve already filed for this year or you’re just trying to get in that last minute return, we’re gonna be talking about taxes today and giving you some advice on how you can use your real estate investing portfolio to optimize your tax situation. To help us with this topic, we’re going to bring on Brandon Hall. You may have heard him on the show before. He’s been on this podcast many, many times to talk all things taxes as they relate to real estate investors. And Brandon is one of the best in…