Apr 11, 2023
On this episode, Linda and Dana talk to Chris Bird, an expert in real estate tax issues, about the ten biggest current issues in real estate from a federal tax standpoint. The topics include electing to depreciate property over time or write it off quickly, the Qualified Business Income Deduction, the Augusta Rule, which allows for tax-free rental income if renting out a principal residence or second home for less than 15 days during the year, cost segregation studies which offer significant tax write-off potential, and using S Corporations to limit Social Security tax liabilities. He breaks down how President Biden's plans may affect some of these topics in future tax bills. He also shares how to push legal deductions aggressively while not messing around with income.
Get your Episode Guide here: