This is the *BEST* video that I made about how you can *MASSIVELY* save money on taxes by renting to yourself. Be sure to watch until the end. Also, here are some resources for you to use as well 🆓 Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs ☎ Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com 👉 Make sure you SUBSCRIBE so you do not miss out on future tax-saving tips and strategies - bit.ly/3AXHUtM Also, I put together some recommended videos. I strongly recommend every business owner to watch this. Just watching these alone will help you save money on taxes, RIGHT AWAY. And please, do yourself a favor, get a Tax Advisor! Business Owner Pays Tax On S-Corpporation Distribution - kzbin.info/www/bejne/iqjZc515jMqYotk Watch this video to learn how to NOT pay taxes on your distributions from S-Corporation. Pass-Through Entity Taxation - kzbin.info/www/bejne/ap69aGWofLeqaNU I urge every business owner to know about this TAX. These taxes will ACTUALLY help you pay less in taxes. Home Office Tax Deduction - kzbin.info/www/bejne/n57Ho62Obcuipbs In this VIDEO, I break down how the IRS allows you to use your home office EVEN if you already have another work location.
@tbunn1973 Жыл бұрын
What happens if you do a cost seg, use bonus depreciation to take the depreciation in Year 1, link the rental activity to your S-Corp and the rental property losses are greater than your business profits in that year? What happens to the balance of rental losses?
@ericaledesmatorres4 ай бұрын
Was looking for a video on exactly this! Straight to the point, thank you!
@SabaKhan-y2c4 ай бұрын
Very helpful! Thank you
@timmckee8287 Жыл бұрын
Effective strategy presentation.
@adinad22 Жыл бұрын
Awesome video ! Thank you!
@sergioandrade7107 Жыл бұрын
Excellent video presentation in a simplified format, thank you!
@alejosolano5016 Жыл бұрын
Thanks very much for your educational videos, very Useful
@BlackwellInvestments11 ай бұрын
GREAT CONTENT! THANKS
@EricfromLongIslandАй бұрын
Does this work if two partners are 50/50 in both the s-corp and the property?
@lifeshiva08032 ай бұрын
can i still take advantage of this strategy in december if i have a side hustle that needs to be set up as a proper business? can i also use the self rental for last few days in december to qualify and then use it something else like LTR following year?
@nvvp1972 Жыл бұрын
That means that if I have an LLC and buy a property I can rent it to myself and the payments have to go out of the SMLLC to another LLC that I own, is that correct?
@dustinjan1 Жыл бұрын
There is a lot he forgot to talk about here. Like I do all of these things but there is never a loss from the RE entity. In fact with the recent increase in RE values we are paying lower than new fair market rents. However, we do not want to increase rents because of QBI not being able to be taken by the RE entity. I wish he would have talked about that.