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6 Real Estate Tax Deductions & Write-Offs for Investors:
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YOU can start using the tax benefits of real estate investing to lower your tax bill starting TODAY! That’s right, even rookies can use some beginner real estate tax strategies to save thousands of dollars on their taxes, but you NEED to know which deductions and write-offs to take so you can start accounting for them now! Thankfully, we’ve got a tax strategist and real estate investor to help you figure out the best way to keep more money in your pocket.
We’ve got Amanda Han from Keystone CPA on today to talk about real estate tax deductions, write-offs, depreciation, and how rookies can save more money. Do you need an LLC to start taking these deductions? Nope! Even if you’ve got just one rental property, you can use these basic tax strategies to your advantage. Stick around because this video alone could save you thousands come tax time!
00:00 Tax Benefits of Real Estate Investing
02:03 Real Estate Tax Deductions
04:44 Do You Need an LLC?
06:57 Depreciation Write-Off Explained
11:37 Offsetting W2 Income
13:01 When to Start Tax Planning
