Avoid Tax Traps: Attorney Shares Essential Tips For Rental Property Owners

Video Description

Would you like to learn more about this topic and talk to someone? Schedule a free consultation here: https://aba.link/b505b6 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. Request a FREE Cost Segregation Benefit Analysis https://aba.link/hxs 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. 🔔 Don't forget to subscribe for more insights on real estate investing and business strategies! 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 --------------------------------------------------------------------------------------------------------- FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/ar4 SUBSCRIBE https://aba.link/subscribe ~~~~ TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/8fx Infinity Investing Join Infinity Investing as a Basic Member and Unlock Your Free Training Today! 👉 https://inf.link/obk OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: [email protected] Fax: 702.664.0545 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 --------------------------------------------------------------------------------------------------------- WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. 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. #realestateinvesting #realestateinvestor #realestatetaxtips