How to Pay $0 in Taxes with Real Estate (Legally): FREE 1 Hour Masterclass
LYFE Accounting
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LYFE Accounting is a full-service accounting firm that helps individuals and small businesses save on taxes and increase their wealth. Taxes are the single largest expense that most people will pay over the course of their life. We teach you how to minimize this expense, while giving you strategies to increase your wealth. On this channel, we will cover some very important topics such as: - How to pay fewer taxes, and some cases, how to pay zero taxes - How Business entities work such as benefits of LLC, benefits of S Corp, benefits of Sole proprietorship and C Corporations - How to make smart business & individual investments - How to build a profitable company - How taxes on income work such as taxes on real estate, stocks, etc. - Plus more! Thanks for visiting, and we hope you enjoy our content. If so, please subscribe!
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Here's everything you need to know on how to pay zero in taxes with real estate. We're going through tax loopholes, tax deductions, tax benefits, tax write offs for rental property and more. 👉 [TAX STRATEGY] Save More Money in Taxes (Free Consult): https://schedule.lyfetaxes.com/discoveryapplication?video=5vRnmHZ9COY 🔥 [BUSINESS STRATEGY] Start or Grow a Business with HighLevel (Free Course): https://go.seanstandberry.com/ghl Timestamps Intro - Tax Benefits of Rental Property (0:00) Tax Benefit #1 (0:43) Tax Benefit #2 (1:09) Tax Benefit #3 (1:48) Tax Benefit #4 (2:15) Tax Benefit #5 (2:38) Tax Write Offs for Rental Property (4:06) My Favorite CRM Software - Ad (6:22) Tax Deduction #2 Settlement and Closing Costs (7:49) Real Client Story about Basis (9:30) Depreciation for Rental Property Explained (10:28) Tax Write Off for Rental Property #4 (12:50) Property Taxes (15:15) Wages (17:35) How to Avoid Capital Gain Taxes Intro (18:04) How to Create Paper Losses with Real Estate Depreciation (19:57) Unlocking Losses Depreciation Flowchart (27:46) Material Participation Time Tracking (34:02) What Happens if You Sell Property (36:59) Depreciation Recapture (39:10) How to be a Smart Real Estate Investor (41:43) Strategies to Handle Depreciation Recapture (44:20) LIKE the Video Please (48:56) Big Picture Ownership (50:40) This is part of a paid course that is now available completely for free, so take notes and share if you have any questions in the comments. Subscribe: https://bit.ly/2HJlq46 Also, please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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