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Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.
Episodes
Tuesday Oct 22, 2019
Tuesday Oct 22, 2019
As they attend an Executive Retreat in Maui, Toby Mathis and Michael Bowman of Anderson Advisors help you watch out for sharks, especially when it comes to taxes. Do you have a tax question? Submit it to taxtuesday@andersonadvisors.
Highlights/Topics:
- Can I take advantage of business deductions, if I don’t directly own rental properties, but invest in real estate as a limited partner in syndications and funds that generate K-1s? No; have one entity for investments and one entity to manage investments entity
- Regarding the 280A Form, how do I get reimbursed? You don’t have to report payment as income or pay taxes on it
- Can the Charitable Purpose Board’s activities take place in another country? Yes, approve it in the United States, but perform activities in another country
- If I purchase a property within an opportunity zone and start a business based from that building, do I still need to improve the property? Yes, substantially improve the property
- If a person uses cost segregation on rental home, isn’t depreciation recaptured upon sale of home? Can a 1031 Exchange be used? Cost segregation lets you write-off things and a 1031 Exchange can be used
For all questions/answers discussed, sign up to be a Platinum member to view the replay!
Go to iTunes to leave a review of the Tax Tuesday podcast.
Resources:
U.S. Government Accountability Office (GAO)
Passive Activity Losses - Section 469
Real Estate Professional Requirements
Capital Gains Exclusion/Section 121
Anderson Advisors’ Executive Retreat
Anderson Advisors Tax and Asset Protection Event