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| Name | 6 Real Estate Tax Mistakes That Could Cost You Thousands |
| Video Uploader | Video From BiggerPockets |
| Upload Date | This Video Uploaded At 14-02-2022 23:00:20 |
| Video Discription | Real estate tax mistakes are unfortunately quite common. Whether it’s not depreciating your rental property correctly, limiting yourself on expenses you can write-off, or assuming a certain deduction will flag you for an audit—there are many ways real estate investors could be pocketing more profit with less paid in taxes. So, before you start your 2022 tax filing, make sure that you’ve maximized your deductions and minimized your taxable income for this coming tax season! Two people who have seen almost every real estate tax mistake around are Amanda Han and Matt MacFarland from Keystone CPA. They’ve time and time again had to educate real estate investors on all the possible deductions that they were missing out on. Now, in front of the whole BiggerPockets community, Amanda and Matt can showcase the six biggest tax mistakes they see real estate investors make, so you can save thousands (or more) on your 2022 taxes. Have you been making any of these tax mistakes? Are there any common tax mistakes you had to find out about the hard way? If so, let us know in the comments below! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Upgrade to BiggerPockets Pro (It’s a Write-Off!): https://www.biggerpockets.com/gopro?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Grab “The Book on Tax Strategies for the Savvy Real Estate Investor”: https://store.biggerpockets.com/products/the-book-on-tax-strategies-for-the-savvy-real-estate-investor?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 7 Common Tax Mistakes of New Real Estate Investors: https://www.biggerpockets.com/blog/2014-04-17-7-common-tax-mistakes-new-real-estate-investors?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 4 Depreciation Tax Mistakes Investors Need to Avoid: https://www.biggerpockets.com/blog/2014-07-31-four-depreciation-tax-mistakes-investors-need-avoid?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Work with Keystone CPA on Your 2022 Taxes: https://www.keystonecpa.com/ ~~~~ Connect with Amanda and Matt on BiggerPockets: Amanda: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none Matt: https://www.biggerpockets.com/users/macfarland?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 6 Tax Mistakes to Avoid 00:17 1. You Need an LLC for Write-Offs 01:09 2. Your Home Office Will Flag the IRS 01:50 3. Only Realtors are Real Estate Professionals 02:49 4. Only Professionals Can Take Deductions 03:32 5. Depreciation Isn't Based on Sales Price 04:32 6. Tax Planning + Filing Are The Same x1nfC6Yi7UM |
| Category | Education |
| Tags | real estate tax mistakes | tax mistakes | real estate tax | real estate taxes | real estate tax strategies | real estate tax deductions | tax deductions | 2022 taxes | financial planning | tax planning | tax filing | investment property | real estate investor | real estate investing | real estate for beginners | passive income | income property | how to avoid taxes | how to pay less taxes | tax deduction | real estate professional | rental property | real estate depreciation | biggerpockets |
