Real estate tax strategies are plentiful. In fact, real estate investing is one of the most tax-beneficial investments you could make, with a plethora of tax write-offs and loopholes you can use to avoid taxes legally. But, if you’re new to real estate investing or don’t know about many of these strategies, you could pay tens of thousands extra every year, limiting your portfolio’s growth. That’s why we brought Amanda Han, CPA and real estate investor, onto the show.
Amanda has been helping investors lower their tax burdens for decades. As an investor herself, she’s had to grow her professional and personal knowledge to take advantage of as many tax deductions as possible. She’s so fluent in the real estate tax code that she even wrote the books on tax strategies for BiggerPockets! Dave and Henry spend today’s interview asking Amanda the tax questions you may have been too scared to ask your CPA.
We’ll touch on the most significant changes in the 2023 tax code, the big blow to investors starting next year, cost segregations explained, the short-term rental tax loophole, and why you should start planning NOW for next year’s taxes. If you want to pay fewer taxes, buy more real estate, and keep more of your hard-earned passive income in 2023, this is the episode to listen to!
Dave:
Hey everyone. Welcome to On the Market. I’m your host, Dave Meyer, joined by Henry Washington.
Henry:
What’s up buddy? Good to be here. Good to see your smiling face.
Dave:
Oh yeah. It’s all fake right now. I’m sick as I told you before, but I’m faking it as much as I can.
Henry:
Hey, well you’re doing a fantastic job, Dave Meyer.
Dave:
Oh, thank you. Well, no one’s going to hear the times during the interview with Amanda where my brain just melted down and I couldn’t speak. Thankfully they’ll edit all that out and it’ll maybe sound good during this episode.
Henry:
Absolutely.
Dave:
Well, it was a fun episode. This is a really cool episode because tax is not…