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“You can get to a point in real estate, and it’s not that hard, where you’re not paying any taxes.” Host Dan Austin is back taking over this Friday Focus episode centered around the wondrous world of taxes. As the tax deadline nears, it’s the best time to listen to his tips and take advantage of the tax benefits available to real estate investors.
Taxes aren’t easy for everyone to understand, but Dan gives examples for every strategy and breaks down the nuances of elements like deductions and depreciation. By the end of this episode, you’ll understand the difference between expenses and capital expenditure, how to reduce your taxable income, and MORE. Before you file your taxes, tune in to this episode to find out how you can lower your tax bill!
Topics discussed in this episode:
Expenses versus capital expenditure
What’s eligible for tax write-offs
How depreciation benefits real estate investors
Avoid long-term capital gains taxes with 1031 exchange
Reducing taxable income as a small business owner
Taking advantage of your real estate professional status
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