Pay $0 Taxes - Top Real Estate Tax Strategies Everyone Should Know
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- Опубліковано 26 чер 2024
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0:00 Introduction
6:28 Sale of Home Exemption
10:48 The Trifecta
14:05 The S-Corp Strategy
19:13 Taking Advantage of Passive Losses
28:56 Cost Segregation
32:34 The 1031 Exchange
38:40 The CRT - Charitable Remainder Trust
48:54 Self-Directing - Real Estate in Retirement Accounts
53:05 Conclusion
I watch all your Videos. So much information. thank you
Love all this great info
Thank you!! always love to watch and learn new ideas from you guy!!
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It is entirely possible for a smart and patient investor to go into investing with the right information. One of the best ways to get started is to get help from an experienced Financial Consultant . I've been investing since *2015* and I'm extremely happy with the returns I get working with my investment advisor; *Hamilton Phoebe Zoe*
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It’s good to make decisions that help you ensure good finances. It doesn't matter how many jobs you have, but what matters is how many sources of income you have. Getting a side hustle or passive income is a very wise financial decision.
My first time back in a long time.. missed you guys' crazy humor!!
I am so behind in doing these things thank you for the explanation. Just did s-corp
MARK & MATT YOU GUYS TO A GREAT JOB AT UNDERSTANDING ALL THE TAX/S-CORP ETC TOPICS EASY TO UNDERSTAND & YOU A DOING A GREAT SERVICE FOR YOU COUNTRY BY EDUCATING PEOPLE TO GENERATE WEALTH!!! THANK YOU!!!
I'd love to see a video on the Deferred sales trust technique ! Would be great to get your take on it.
One of your better shows! Thank you for continuing to share your time with small investors, CPAs …. I’ve shared a number of your shows with family in hopes that they don’t overpay on taxes.
Please direct Matt to the Blue Yeti website. He is using that microphone improperly which is why he comes in quiet and hard to understand. The microphone front where the mute button is located should be facing him, and he should have the setting dial on the back set to carotid.
Great show gents! There is a cool exemption to the "bifurcating" gain between qualified and non-qualified use rule you mentioned found in § 121(b)(5)(C)(ii)(I): "The term “period of nonqualified use” does not include-(I)any portion of the 5-year period described in subsection (a) which is after the last date that such property is used as the principal residence of the taxpayer or the taxpayer’s spouse,"
You would still be required to recapture deprecation, but what an awesome strategy especially with appreciation in the last few years! If someone moved into a home in 2018, then started renting it out in 2020, and then sells the home at the end of 2022, the entire gain up to $250K or $500K would be excluded.
AMAZING content guys! A buddy just sent your channel to me. Rooting for you.
Would it be crazy if me to ask if you could do a video on carbon capture as investing/tax saving strategy?
Highly informative! I wished you would not digress so much though, lol! Do you have offices in all states?
Hi i live in florida I am interested in the next summit seminar can you please tell when it is the next seminar
That’s a good point on Cost segregation not benefitting you if your not a real estate professional.
Can you do a CRT with a property that you already did a 1031 with previously?
1031 a property, rent it for a year, then live it in for 2 years, then sell it tax free :)
Ya hopefully the 1031 exchange will end. It’s just absurd some of these loopholes. Like qualified small corporation stock is exempt from like 10x in taxes. But it’s mainly for tech companies. It leaves out mining etc. it’s a joke. You used to could do a 1031 exchange on gold. You could take 1000 ounces of coins and turn it into a 1000 ounce bar without taxes but no more and gold is money in the constitution. We need to end the 1031 exchange and other loopholes and just go to a 20% flat tax for every one.
What i have rental property on my 1040 and i have loss and i also check on the box of active participants do the loss offset my ordinary income like w2 1099 ?
What if you house hack and rent some rooms in your house but also live in the property, but you also rent a house in another city that you live in part time because it’s closer to work. If you want to sell the property do you still get to take the 250k write off on capital gains?
For young people finding a commercial property with or without a business operating in it run by an old guy that is ready to retire would be optimum. Find a location that is underappreciated that has potential to become an "it" place for the neighborhood. Downtown in smaller cities where they invest in the city center is good. You can run a business and live in the building while you save your cash. Then later sell the business and lease the building and a commercial lease is the best way to go. A good way to get started and learn the market. I remember many immigrants would do that even with the whole family helping out in the business. Too many Americans think it is below them so we end up with franchises and corporate controlled businesses. Do they even allow sole proprietorships. Our country only allows a business where you have to hire attorneys and accountants plus HR and payroll services etc.
Can you purchase a new home to live in with funds from the CRUT?
I don’t understand this: if I buy a property and rent it first, can I move in and live in 2+ of last 5 to get the exemption? I believe I would just owe on the depreciation applied as the reduction while renting.
My understanding if you buy the property as a rental first then live in it you can only claim 50% of the capital gain. But if you buy it as a primary and you live in it for 2yrs out of 5yrs you can claim $250.000 if you are single and 500.000 if you are married. Hope this helps....I know it gets confusing. Ask a CPA if you have one;)
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Mark, I need your help. My wife and I 1031 exchanged over $1 million into a 1031 STR that was kicking in a 14% CAP rate. Now, I found out it’s now less than 3%. Since we were using the money to live off in retirement, what do I do? My home is paid off and I have very little debt. Thanks
Please get connected with one of our amazing Main Street Tax Pro advisors, they will be able to help you! markjkohler.com/tax-pro-profiles/
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Let me know if you want to pursue. I will help!!
and it's Round TOP, not Round Rock...both are not far from Austin
Hey Yvette! Sounds interesting, reach out to my business director at jack@markjkohler.com with more details about it.
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19:18 Passive losses = how Trump and Grant Cardone pay $0 taxes
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