How to Cancel Your Taxes Every Year

[@KaiAndrew]

Work with the man, myth and tax legend (Kevin): calendly.com/accountabilityinc/kai-andrew. If you want to join my Land Hacker program and community, talk to us first: calendly.com/kaiandrew/land-hacker-success-call

[@thork347]

Had a great call with Kevin but he never followed up with anything engagement wise to solidify his services. I even followed up too

[@floridaman4073]

This video is an extremely important one for the up and comers to take hold of and process. I am an older investor and have been doing these types of tactics for years. Do not sleep on this advice. I do not know Kai I just found him while searching other content but what he is stating here is extremely valuable.

[@christianloya5238]

I hired Kevin to do my taxes and I’m definitely glad I did!

[@KaiAndrew]

Yeah, he’s an absolute rockstar when it comes to taxes. :)

[@jonphaz]

Same was the smoothest process I have had with an accountant

[@kendrabonds6901]

@@KaiAndrew so he's able to act as ones trustee when it comes to certain acquisitions,debt cancellations etc.,...??

[@tinachxx110]

Is he expensive?

[@zackdreamcast]

You don’t need to be a real estate investment professional if you’re short term rental operator (vs a long term rental operator) . Reason for this is that short term rental income/business is active income. As such your “losses” can be taken against your other active income including your W2 income

[@CathyLovesRice]

For people with a full time job, it’s extremely difficult to qualify as a real estate professional or material participation. If you do regular long term rental, it’s considered passive income/loss and can’t deduct your w2 income. Short term renal is the only realistic way to deduct your w2.

[@tuanvu9359]

Good video with professional advice. Thank you Kai!

[@MaroArmoni]

Thank you so much Kai, this video was incredibly helpful and sincerely appreciate you sharing this with us 🙏🙏

[@Dipper964]

I travel for work and have an Airbnb. My “travel work” and airbnb expenses are written off

[@doctortmd]

Love this! Can you do a follow up video on how to get financing after you successfully lower you AGI? Banks think I'm poor because the bonus depreciation wiped out my W2 income on paper!

[@KaiAndrew]

Yeah, most banks/lenders understand this strategy and will add back in the depreciation to your AGI.

[@jimmyfun22]

Kai, your content is always top notch! Thank you for sharing all you've learned. This aspect of RE investing is so crucial and yet so undervalued and not understood by most! The more videos like this, the better for your entire audience 🙂

[@michellej7734]

Having a Mom that work 30+ yrs in Government and my experience from working at the IRS, the true test is How many times has this guy been Audited??? These Tax strategies are pure theory until they are tested during an IRS Audit. RECEIPTS, PROOF???? There can be Tax savings but you can only right off a PERCENTAGE NOT THE FULL AMOUNT. Plus anyonebthay you hire if they make a mistake or the IRS Auditor feels their work does not comply with the tax law YOU ARE THE ONLY ONE THAT IS HELD RESPONSIBLE AND WILL OWE THE IRS

[@kendrabonds6901]

What department did you work with the IRS? Why are you not with them anymore if you don't mind me asking?

[@333dude333]

I would like to have a meeting with your tax strategist, but he's booked out till sometime next year. 😆😑🧐

[@365greenhouse6]

Great content as always, thanks!!

[@LuizSilva-hv3dx]

Which A frames Cabin is more profitable? 3 bed rooms, 2 bedrooms? Small or big? Might be a good them for next video.

[@Kirillforreal]

dang looking like kevin a little too busy for new appts now! was really looking forward to it, any other ideas for people like em? really need my taxes done lol

[@ThePilgrimsProcess]

Great video, as always Kai! Don't suppose you have any resources for Canadians in real estate in the land hacker program?

[@KaiAndrew]

Hey there. Yep, loads. We have a few Canadians in the program right now.

[@hallelujah5506]

So this wouldn’t work for a single person and not in Real estate??

[@kylebecker5083]

Great stuff. Question. My wife’s Tiny House LLC also makes revenue (although the bonus depreciation would be more than the total annual revenue). Along with the depreciation expense, would I also need to claim my wife’s LLC’s revenue on my W2s?

[@Iamjoeycross]

How do I get in contact with Kevin outside of the free 20 minute consultation? No openings within the next 12 months or so. I don’t need a free talk, I need his services.

[@stevensullivan242]

I love the irony of putting the Statue of Liberty in the Soviet Union corner! And great content!

[@vkk3546]

I wonder if a tax pro is in any way in disadvantage to being a RE investor (to compare for example, an attorney can't/shouldn't defend a spouse in court). Congrats on all your work!

[@MrRchou]

Got it, basically write off the depreciation of rental properties

[@KaiAndrew]

Lol. A bit more to it than that. Did you miss the part about meeting the requirements of a ‘RE pro’? And the cost seg process?

[@MrRchou]

@@KaiAndrew I’m going to assume a “Re pro” is real estate professional. Got that, but isn’t accumulating income property by default make you one? I don’t own any rentals so you tha man. Don’t mind me big dog, you do you.

[@dannykanchanarin4295]

So does that mean in 2027 people are SOL when it comes to tax depreciation on a property?

[@KaiAndrew]

No, it just means you’ll have to depreciate it over 27.5 or 39 years depending on the property type instead of all of it in your first year.

[@roccobealino6372]

I am retired now and income is RMDs from IRAs. How can I avoid taxes on these RMDs?

[@gracejustice2331]

Kai, you might want to say "legally lowering your tax liability" not "avoid taxes"

[@Smootaxx]

That better really be my name in your phone!!!

[@KaiAndrew]

Lol. Maybe some variation of that…

[@willyhogan6374]

Thanks Kai! Would this still apply to me if I'm a 1099 employee?

[@KaiAndrew]

Yessir. As long as you meet the requirements.

[@Hchris101]

New video

[@nataliamoscow]

If I qualify as a Real Estate professional, may I use this system to write off taxes only for short-term property rental or for long and midterm as well?

[@Smootaxx]

Long term as well!

[@MikeHawk143]

Kai are you a property manager?

[@martyor]

Is there a max for LLC deductions? Does your business and rental have to be under an LLC?

[@KaiAndrew]

Nope to both.

[@akmuratgurbangeldiyev4881]

I would appreciate if you add Turkish language to the subtitles, my friend.

[@KaiAndrew]

Yep, I’ll look into that.

[@kendrabonds6901]

W8BEN