163 results found • page 3 of 17

• PODCAST

  How Can You Write Off Business Start-Up Expenses?

  ...offs. Can I 1031 a long-term rental single-family residential.. into short-term AirBnB rental.. Then do a cost seg? – Yes, but there’s a timing issue…the long-term rental cannot extend into the next/same year. How do I write off biz expenses before the bix makes money? – There are ‘organizational’ and ‘startup’ expenses that you can write off, of $5K each….but...

  https://andersonadvisors.com/podcasts/how-can-you-write-off-business-start-up-expenses/
• PODCAST

  How to Reduce Capital Gains Taxes on Your Vacation Home

  ...for taking this to the next step. Toby: I’m thinking about the horrible things you could do. All right, “How can I reduce my taxes if I have an Airbnb but do not own it? I leased my Airbnb from another owner and realized that I can’t take any of the normal depreciation since I don’t own it.” Michael: You...

  https://andersonadvisors.com/podcasts/reduce-capital-gains-taxes/
• PODCAST

  How to Avoid Taxes From Borrowed Money

  ...in chat, that would be great. If anybody has experience and has done returns on this, I’d be curious. Just because I’ve never seen somebody personally just rent a house out furnished that was their primary home. Usually they’re buying for an Airbnb, but let’s say you decided to make your house into an Airbnb, what would you do with...

  https://andersonadvisors.com/podcasts/how-to-avoid-taxes-from-borrowed-money/
• PODCAST

  Tax Tuesdays Episode 102: Passive Activity Losses

  ...grouping so you’ll see a whole bunch. Somebody says, “For an Airbnb business in California, should I set up a separate California LLC disregarded into my existing Wyoming Corp or can I directly use the Wyoming C Corp?” Tim, right off the gate, when you have a Airbnb business, it’s a hotel. If the average guest stays seven days or...

  https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-10-15-2019/
• PODCAST

  How to Avoid Costly Capital Gains Taxes When Selling a Rental Property

  ...have an Airbnb, you could be renting it out for a month at a time. Just that Airbnb term doesn’t necessarily mean short-term rental.  [55:43.88] Eliot: Exactly, right. But if it is a short-term rental and the typical test seven days average say. Right there you have a business. If we don’t have any other evidence, it’s a passive activity...

  https://andersonadvisors.com/podcasts/how-to-avoid-costly-capital-gains-taxes-when-selling-a-rental-property/
• PODCAST

  Most Accountants Miss These Two Tax Write-Offs And It’s Costing You Thousands

  ...Toby: All right. Let’s say somebody bought a property in 2024 and they’ve been using it as a long-term rental and they say, hey I really want to make it into an Airbnb. Could they make it into an Airbnb? Then do a bunch of improvements or could they do the improvements and then make it into an Airbnb? What...

  https://andersonadvisors.com/podcasts/most-accountants-miss-these-two-tax-write-offs-and-its-costing-you-thousands/
• PODCAST

  Insuring Your Real Estate in 2021 – What Every Investor Needs to Know

  ...there a special type of policy you need with an Airbnb? Not really. The Airbnb industry took the insurance industry by storm. For the longest time, trying to obtain insurance coverage for an Airbnb was difficult because liability exposure was written differently. Insurance coverage is not cheap on the liability side. Resources: National Real Estate Insurance Group (NREIG) NREIG’s Resources...

  https://andersonadvisors.com/podcasts/insuring-your-real-estate-in-2021-what-every-investor-needs-to-know/
• PODCAST

  Tax Tuesdays Episode 109: Depreciation

  ...don’t want. How do I figure out the details to get out of it? Disclaim/bequest your inheritance Is all the funding for legal costs to start a business tax-deductible? Organizational costs can be expensed up to $5,000 in the first year Which is the best way to fund an Airbnb; cash or mortgage, if money is no issue? Depends on...

  https://andersonadvisors.com/podcasts/tax-tuesdays-with-toby-mathis-02-04-2020/
• PODCAST

  How to Document Hours As A Real Estate Professional

  ...and harvest some losses like maybe you have crypto. “After using accelerated depreciation on a new Airbnb this year, can I avoid future recapture in the case of a sale through a 1031 exchange? Can I exclude some nights when I stayed overnight on the Airbnb property for the purpose of improvement, say installation of the gutter guards by a...

  https://andersonadvisors.com/podcasts/how-to-document-hours-as-a-real-estate-professional/
• PODCAST

  What Is The Best Tax Efficient Way To Purchase An Existing Business?

  ...What Eliot’s referring to is there are regs that say that if the average use of a property is seven days or less, it’s not considered a rental property for the passive activity loss rules. That Airbnb is a pizza shop. If you have an Airbnb, it is no different than if you open up a pizza shop. The Airbnb...

  https://andersonadvisors.com/podcasts/what-is-the-best-tax-efficient-way-to-purchase-an-existing-business/