Cost segregation is one of the best tax strategies for anybody in real estate investing, such as short-term rentals, to create losses that offset active and passive income. Find out how to keep your taxes as low as possible.
Real estate syndications involve taking down larger deals, using other people’s money, and bringing in partners for deals. Be careful because the last thing you want to do is break the law, or you’ll be wearing an orange jumpsuit. There are no second chances when it comes to joint ventures with other people if it borders on syndication.
While Congress is busy planning changes before the end of the year, such as taxing unrealized gains for the wealthy, Toby Mathis and Jeff Webb of Anderson Advisors talk about how to protect your Turo car rental business and other tax topics.