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Loopholes Write-Offs and 2023’s Best Real Estate Tax Strategies

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On The Market

Real estate tax strategies are plentiful. In fact, real estate investing is one of the most taxbeneficial investments you could make, with a plethora of tax writeoffs and loopholes you can use to avoid taxes legally. But, if you’re new to real estate investing or don’t know about many of these strategies, you could pay tens of thousands extra every year, limiting your portfolio’s growth. That’s why we brought Amanda Han, CPA and real estate investor, onto the show.

Amanda has been helping investors lower their tax burdens for decades. As an investor herself, she’s had to grow her professional and personal knowledge to take advantage of as many tax deductions as possible. She’s so fluent in the real estate tax code that she even wrote the books on tax strategies for BiggerPockets! Dave and Henry spend today’s interview asking Amanda the tax questions you may have been too scared to ask your CPA.

We’ll touch on the most significant changes in the 2023 tax code, the big blow to investors starting next year, cost segregations explained, the shortterm rental tax loophole, and why you should start planning NOW for next year’s taxes. If you want to pay fewer taxes, buy more real estate, and keep more of your hardearned passive income in 2023, this is the episode to listen to!

00:00 Intro
02:21 2022 Taxes Q&A
08:56 2023 Tax Deductions and Tracking 101
16:15 Advanced Strategies to Cut Your Tax Bill
20:35 The Major Change in 2023
27:23 Cost Segregation Explained
31:17 The ShortTerm Rental Tax "Loophole"
34:14 How to Find a CPA/Strategist
36:58 Connect with Amanda!
38:12 Prepare to Pay Less

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Grab Amanda’s Books:
The Book on Tax Strategies for the Savvy Real Estate Investor: https://store.biggerpockets.com/produ...
The Book on Advanced Tax Strategies: https://store.biggerpockets.com/produ...
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Connect with Amanda:
BiggerPockets: https://www.biggerpockets.com/users/k...
Instagram: @amanda_han_cpa or   / amanda_han_cpa  
Website: https://www.keystonecpa.com/
TaxSaving Toolkit: https://www.keystonecpa.com/eBookDow...
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Dave Meyer: https://www.biggerpockets.com/users/d...
Henry Washington: https://www.biggerpockets.com/users/h...
James Dainard: https://www.biggerpockets.com/users/h...
Jamil Damji: https://www.biggerpockets.com/users/j...
Kathy Fettke: https://www.biggerpockets.com/users/k...
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Henry: @thehenrywashington or   / thehenrywashington  
James: @jdainflips or   / jdainflips  
Jamil: @jdamji or   / jdamji  
Kathy: @kathyfettke or   / kathyfettke  
BiggerPockets: @biggerpockets or   / biggerpockets  

Episode 64

Show notes at: https://www.biggerpockets.com/blog/on...

#biggerpockets #onthemarket #onthemarket64

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