How to Avoid Taxes with Real Estate Before Year End!
August 23, 2024
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8:12Now PlayingHow to Avoid Taxes with Real Estate Before Year End!
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as posted by the channelBuy my book, The Art Of Legal Tax Avoidance ▶
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Many people want to use tax strategies to offset their W-2 or 1099 taxes before year-end. However, not everyone knows how to do this. If you want to offset W-2 or 1099 taxes in the last few months of the year, then one of the best ways that you can do this is with rental real estate investing.
In this video, tax expert Karlton Dennis explains how you can buy rental real estate properties in the last few months of the year and use losses from them such as depreciation to offset taxes on active income from a W-2 job or a 1099 business. He goes over tax strategies for rental properties including using the short-term rental rule or using real estate professional status.
Karlton also explains key factors that you should consider when choosing a rental property such as building value vs. land value, which states are better than others for making investments, and more. This video is helpful for anyone who wants to learn how to reduce their taxes by offsetting income before the end of the year.
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#avoidtaxes #taxstrategy #realestateinvesting
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