Episode 45: Basic Tax Strategies for Real Estate Investors

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If you’re like most real estate investors, tax season likely produces sweaty palms, an intimidating “to do” list, and an overwhelming sense of dread.

It doesn’t have to be this way.  This is why we are discussing basic tax strategies early in the year so you can make the adjustments needed and do a little upfront work to self-educate on the “best practices” for tax strategy for rental property owners (which is why you’re here).

We are discussing valuable tax strategies you can implement now to minimize your 2024 tax bill—and maximize your annual revenue, making tax season actually enjoyable. After all, who doesn’t like found money?

From common everyday expenses to travel, home office, vehicles, and depreciation, we are going over all you need to know to maximize your deductions and have unexpected funds to use towards your next rental property.

LINKS

👉 QuickBooks Accounting Software. 30% OFF your first 6 months.

👉 Advanced Tax Strategies For Real Estate Book, by Amanda Han and Matthew MacFarland.

👉 12 Month Expanding File Folder (Accordion File)

👉 BiggerPockets: Real Estate Investor Community Forum

👉 EZ Landlord Forms

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👉 IRS: Tips on Rental Real Estate Income, Deductions, and Recordkeeping

👉 IRS: Travel, Gifts, and Car Expenses (Pub 463)

👉 IRS: Residential Rental Property (Pub 527)

👉 CA Earthquake Brace and Bolt Program

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