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@TheRealEstateCPA
@TheRealEstateCPA 2 күн бұрын
Love REPS!
@TheRealEstateCPA
@TheRealEstateCPA 7 күн бұрын
Gotta love the tax benefits of real estate!
@BobLobLawsLawBlog
@BobLobLawsLawBlog 9 күн бұрын
Clicking link from mobile, I don't see anywhere to put my email in... could be on my end, I'll check from laptop later
@thomascastelli
@thomascastelli 6 күн бұрын
Here's the Newsletter link: go.therealestatecpa.com/3ziR97h
@TheRealEstateCPA
@TheRealEstateCPA 9 күн бұрын
W-2 earners and business owners love this strategy!
@TheRealEstateCPA
@TheRealEstateCPA 14 күн бұрын
Great tip!
@TheRealEstateCPA
@TheRealEstateCPA 18 күн бұрын
When is 100% bonus depreciation coming back?
@thomascastelli
@thomascastelli 18 күн бұрын
2025 🤞
@benjaminroz3864
@benjaminroz3864 19 күн бұрын
What happens after the first year when you take 30% depreciation
@thomascastelli
@thomascastelli 18 күн бұрын
The remainder of the building and its components will be depreciated over their depreciable lives. You'll still get some depreciation in Y2, etc, but it won't be as big as the first year.
@RJ-gi2hf
@RJ-gi2hf 21 күн бұрын
Can you run a short term rental from long distance & still claim material participation?
@thomascastelli
@thomascastelli 21 күн бұрын
Yes, it is still possible. Usually, by setting up the property, managing the bookings, and coordinating with cleaners and repair teams.
@samcartwright6338
@samcartwright6338 2 ай бұрын
14k untaxed into family income. Copy.
@samuelcarreon9431
@samuelcarreon9431 2 ай бұрын
Great Video❤
@clmb511
@clmb511 2 ай бұрын
Can one do the QOF strategy with capital gains that are not from real property sales? Ie can this work for stock or other financial long-term capital gains…?
@HeronMia-l4o
@HeronMia-l4o 2 ай бұрын
Your Video Quality is good but you are not getting more views because of some problems.If you want I can fix your problems. I have send you 1 email. Please check your email inbox.
@joysaguibo3765
@joysaguibo3765 2 ай бұрын
learning a lot from this ❤
@SpokesPerson101
@SpokesPerson101 2 ай бұрын
Your videos are incredibly insightful, and your hard work truly shines through. There are many people who really needs this type of video to help them get to know more about real estate investment.
@samuelcarreon9431
@samuelcarreon9431 2 ай бұрын
Great insights❤
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Great Video❤
@BLamarche1
@BLamarche1 3 ай бұрын
Which method of home office deduction can still be used even if increases an overall loss?
@BLamarche1
@BLamarche1 3 ай бұрын
Can depreciation recapture net against unallowed PAL?
@thomascastelli
@thomascastelli 3 ай бұрын
Yes, passive losses (PALs) can offset depreciation recapture from a passive activity, such as a rental property.
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Awesome video❤
@RJ-gi2hf
@RJ-gi2hf 3 ай бұрын
I've seen other CPAs on blog posts write about a strategy to sell your primary residence to your Scorp, collect the tax free capital gains, then rent out the property. Any thoughts on this?
@joysaguibo3765
@joysaguibo3765 3 ай бұрын
great video❤
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Very easy to understand
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Great Video
@wunmiadebiyi140
@wunmiadebiyi140 3 ай бұрын
Also can I request for a call Thank you
@thomascastelli
@thomascastelli 3 ай бұрын
Yes, you can request a call at www.TheRealEstateCPA.com/Thomas
@wunmiadebiyi140
@wunmiadebiyi140 3 ай бұрын
I bought a property that I have not rented out, can I do few short term rent this year and still qualify for the loop hole
@thomascastelli
@thomascastelli 3 ай бұрын
It is still possible if you meet the requirements
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
😊
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Awesome insights!!
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
This is a great video
@samuelcarreon9431
@samuelcarreon9431 3 ай бұрын
Awesome Video. I love It!!😊
@MLDU2010
@MLDU2010 3 ай бұрын
Under the regular method, can you start depreciating the home to the extent allocated to the home office? And would you treat it as 28 year residential property? Can you maximize the deduction with a cost seg study even if the faster lived assets are in other parts of the house? And can you claim 60% bonus depreciation on the portion allocated to the home office in 2024?
@thomascastelli
@thomascastelli 3 ай бұрын
@mldu2010 This is generally how it works: - Depreciation is allowed on the home office portion, and it follows the 39-year straight-line method for business property. - Cost segregation can potentially accelerate depreciation, but it must be for assets within the home office space. - Bonus depreciation at 60% in 2024 could apply to new assets or improvements placed in service in the home office
@MLDU2010
@MLDU2010 3 ай бұрын
Thanks a lot!
@BobLobLawsLawBlog
@BobLobLawsLawBlog 4 ай бұрын
🥓🥓🥓
@joyfisher8008
@joyfisher8008 4 ай бұрын
Voters need to do this kind of analysis!
@TheRealEstateCPA
@TheRealEstateCPA 4 ай бұрын
Great strategy 🚀
@Ianbeers2010
@Ianbeers2010 4 ай бұрын
Its not tax free over time they are just removing the additional tax on over time so its taxed at the same rate your regular time is taxed
@MarkWestover-bf7li
@MarkWestover-bf7li 4 ай бұрын
BS. High income workers are typically on salary or other types of compensation
@justme87999
@justme87999 4 ай бұрын
Yes if you dont work overtime you wont get the benefit. Why not help those that work the most?
@eyezikandexploits
@eyezikandexploits 4 ай бұрын
The "Do not recommend this channel button" is nice. I love trump but your just yapping youre terrible at youtube
@austinclifton5392
@austinclifton5392 4 ай бұрын
There is no downside you are just yapping about nothing to get views
@TheRealEstateCPA
@TheRealEstateCPA 4 ай бұрын
100% bonus depreciation has been great for investors
@r.r.warrior60
@r.r.warrior60 4 ай бұрын
SHE COULD DO THAT NOW BUT SHE WONT EVER DONT FALL FOR IT
@jimsullivan1069
@jimsullivan1069 4 ай бұрын
Great synopsis Thomas!
@thomascastelli
@thomascastelli 4 ай бұрын
@@jimsullivan1069 thank you!
@jhuerta9796
@jhuerta9796 4 ай бұрын
This is absolutely ridiculous. You're an idiot if you think this won't trickle down to people making $100k. It always starts high and quickly finds everyone.
@danielcombs19
@danielcombs19 4 ай бұрын
Hears a question who checks the IRS taxes to make sure they have the numbers right. Wouldn't it be conflict of interest to have the IRS go over their own taxes. And is the IRS taxes on the income they receive from taxes because that's probably billions in taxes
@TheRealEstateCPA
@TheRealEstateCPA 4 ай бұрын
Who doesn't love using RE to reduce taxes?
@jamiedouglas8668
@jamiedouglas8668 4 ай бұрын
Say bye bye to large companies trading in the US. I'd simply move overseas and then US will miss out on all that corporate tax and other income tax of the rich.. also, this will never happen, you think her donations will allow that? She is stupid
@kyleb.8378
@kyleb.8378 4 ай бұрын
They tried the tax credit help almost 4 years ago then went to the smallest credits ever - they over extended. If we get it again it will just cost us more in the coming years. Rolling back tax breaks on billionaires and corporations do nothing for us. It just increases the cost of the products they provide and we pay more which costs us more in taxes on that product. Giving new home buyers 25k for home purchases would automatically inflate home values to 25k more because they would be willing to pay that extra money for the same home. The average home in America is 400k and at the rate of inflation just in the last four years I'll have over 1 million in home value that I will pay taxes and somehow unrealized gains on. I'm going to be the brokest millionaire. I'm used to getting taxed 3-4 times but 5 is where I draw the line 😂 None of her plan benefits regular people in any way, shape, or form.
@VengfulSquid
@VengfulSquid 4 ай бұрын
Theres always people opposed to everything. Why wre yall defending taxesm its just like the people who dont want to tax the ultra rich
@F_a_V1
@F_a_V1 4 ай бұрын
It's just such a cultural thing here that no matter what, some people will tip, and I dont think there's a realistic way you could enforce people not to tip. If people tip cash, I doubt servers would declare it, so it would be irrelevant. It would be too much micromanaging to track.
@assassain0425
@assassain0425 4 ай бұрын
How about no income tax period for anyone
@OGdrodro
@OGdrodro 4 ай бұрын
If tips are tax free that also means you can now tip less