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64: 2023 Real Estate Taxes: Write-Offs, Loopholes, and How to Pay Less Next Year w/Amanda Han

64: 2023 Real Estate Taxes: Write-Offs, Loopholes, and How to Pay Less Next Year w/Amanda Han

FromOn The Market


64: 2023 Real Estate Taxes: Write-Offs, Loopholes, and How to Pay Less Next Year w/Amanda Han

FromOn The Market

ratings:
Length:
43 minutes
Released:
Dec 26, 2022
Format:
Podcast episode

Description

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!
In This Episode We Cover
The biggest tax change for real estate investors that you NEED to know about
When to start preparing for taxes and “accelerating” your expenses in 2023 
2023 tax strategies for real estate investors and the write-offs most people miss
The HUGE house hacking capital gains benefit that most investors don’t know about
Bonus depreciation and cost segregation studies explained
The short-term rental tax loophole that’ll allow you to write off everyday income
The one question every investor should ask when interviewing CPAs/tax strategists 
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
BiggerPockets Forums
BiggerPockets Agent
BiggerPockets Bootcamps
Join BiggerPockets for FREE
On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave’s BiggerPockets Profile
Dave’s Instagram
Henry's BiggerPockets Profile
Henry's Instagram
Tax-Saving Toolkit
Books Mentioned in the Show
The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han
The Book on Advanced Tax Strategies by Amanda Han
Connect with Amanda:
Amanda's BiggerPockets Profile
Amanda's Instagram
Amanda's Website

Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-64
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Released:
Dec 26, 2022
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.