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#1 Tax Loophole For Real Estate Investors (The Magic Of Cost Segregation!) 

Toby Mathis Esq | Tax Planning & Asset Protection
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In this video, Toby Mathis, Esq. will show you the #1 tax loophole for real estate investors and how you can take advantage of this tax deduction that most accountants miss.
There is a tax loophole that real estate investors are not taking advantage of. The number one tax loophole we are talking about is the magic known as cost segregation.
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Most accountants miss applying cost segregation to your taxes which is costing you in the long run. What is a good way to counteract this occurrence? Watch this video to learn more about how you can apply it to your finances.
As we stated, cost segregation is a type of magic for real estate investors.
"It makes a massive impact." 20:29
Don't let the ignorance of others prevent you from saving and building up your legacy in a significant way.
Learn more about cost segregation and take on the real estate world with confidence.
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Until next time, good luck with your real estate investing, and stay smart.
Show Notes:
0:00 Intro
0:56 Cost Segregation Example
13:32 Break from the Home
21:23 Nuances of Cost Segregation
26:33 The 3 Tests
32:39 Cost Segregation Studies
37:06 Outro
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ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#realestateinvesting #costsegregation

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9 май 2024

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Комментарии : 386   
@terenceeans1577
@terenceeans1577 5 месяцев назад
Thanku. As usual, you killed it!!! Appreciate your time and effort sharing such potent content 👏🏿
@blondsinger38
@blondsinger38 Год назад
Thank you so much, Tobi!
@garysmith7333
@garysmith7333 Год назад
Very informative. Thank you
@nicholasvarro7382
@nicholasvarro7382 Год назад
Thank you Toby!!
@talesoftheferrofoxstrength2175
You will forever be in my prayers. Thank you so much for all you do and share
@thejenniferbreitbach
@thejenniferbreitbach Год назад
Wow you videos are amazing!
@Alexedmartin.
@Alexedmartin. 6 месяцев назад
Reducing your tax liability is a smart financial move. It's all about strategic investments and leveraging tax-saving opportunities. I've seen significant benefits by diversifying my portfolio and taking advantage of tax-efficient investment vehicles. It's not about avoiding taxes, but rather optimizing them to maximize your wealth. I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made...
@Alexedmartin.
@Alexedmartin. 6 месяцев назад
Investing typically demands a good understanding, and that's where having a financial consultant is invaluable. I've had the privilege of working with Regina Louise Collaro, an investment advisor affiliated with a licensed wealth management firm.
@Alexedmartin.
@Alexedmartin. 6 месяцев назад
Her guidance has significantly enhanced my financial situation. She's widely recognized for her expertise, so you might have come across her name. With her support, I've attained financial security and now receive a steady monthly income through her successful passive income approach. I strongly advise considering an experienced investment advisor to boost your financial prospects.
@Alexedmartin.
@Alexedmartin. 6 месяцев назад
Regina Louise Collaro is based in the United States and can work with anybody wherever they stay. If you would like more information on reaching her, you can conduct a search online.
@ugojazzy7812
@ugojazzy7812 6 месяцев назад
personally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.😊
@emeldcentor1474
@emeldcentor1474 6 месяцев назад
​@@Alexedmartin.I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me.I have had the intentions of starting investing. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 Regina Louise Collaro and see what she can advise .Thanks a lot . This was of so much help to me.
@nearivar
@nearivar Год назад
Thank you for the wonderful information and teaching; your shared knowledge is much appreciated
@TobyMathis
@TobyMathis Год назад
Thank you for watching!
@duracell87
@duracell87 Год назад
Thanks for the video
@katrinagay7283
@katrinagay7283 Год назад
This was valuable information!!!!! Thank you soooo much! 😉
@TobyMathis
@TobyMathis Год назад
You are so welcome! Thank you for watching our content!
@thomaspayton516
@thomaspayton516 6 месяцев назад
Thanks a million Toby.
@gregjohnson9051
@gregjohnson9051 Год назад
Awesome content!
@chrishammond6089
@chrishammond6089 Год назад
Awesome presentation, Toby!
@TobyMathis
@TobyMathis Год назад
Thanks for watching us!
@RandyVolkman
@RandyVolkman Год назад
Interested in your Cost Seg referral, I'm in the DFW (Denton) area. Thank you for the excellent video(s)!!
@susanvaughn741
@susanvaughn741 Год назад
Thanks for sharing!
@TobyMathis
@TobyMathis Год назад
Our pleasure!
@bayareaprepper
@bayareaprepper Год назад
Thanks !!!
@drhash2011
@drhash2011 2 месяца назад
thank you for the full explanation
@TobyMathis
@TobyMathis 2 месяца назад
You are welcome!
@efrenestrada2230
@efrenestrada2230 Год назад
Wow!, great stuff Toby, thanks for sharing
@TobyMathis
@TobyMathis Год назад
Thank you for watching the content, Efren!
@wojak8297
@wojak8297 Год назад
This is one of the most useful videos I've seen in RU-vid
@TobyMathis
@TobyMathis Год назад
Glad you think so! Thank you so much for watching our content!
@jameswilliams-iz3vg
@jameswilliams-iz3vg Год назад
excellent, thank you for your knowledge.
@TobyMathis
@TobyMathis Год назад
Thank you for watching our content, let us know if you have any questions!
@brennanleyen
@brennanleyen Месяц назад
Great video. Thanks!
@mikeallen6988
@mikeallen6988 Год назад
Beautiful!
@ablejohnson
@ablejohnson Год назад
Great info!
@ManuelGarciaBB
@ManuelGarciaBB 2 месяца назад
Great Video..👍🏼👍🏼👍🏼
@pianogal853
@pianogal853 Год назад
Great info! Shared with 2 people too!
@TobyMathis
@TobyMathis Год назад
Thank you!
@CpRocksters2000
@CpRocksters2000 Год назад
Very informative , I am Canadian living in Canada Do you recommend any one in GTA Toronto? Thanks Anil k
@topgun4499
@topgun4499 Год назад
Always love your knowledge and video’s will definitely one of these days come see you Thanks!!!
@cryptomykmoonboy4818
@cryptomykmoonboy4818 Год назад
Great ideas!
@dougdaniel9006
@dougdaniel9006 10 месяцев назад
Toby, do you have a referral in the Nashville area for cost seg? Thanks, Doug
@Loonypapa
@Loonypapa 2 месяца назад
I've been doing these reports for almost 20 years. I still don't understand why more people don't use them. Every investor with an AirBnB or VRBO or even a regular rental property should be doing these.
@yingwu2143
@yingwu2143 22 дня назад
Would you mind sharing how much the audit risk increases if you file the cost segregation report on a Schedule C? Also, what is the correct method for determining the value of improvements? For a newly purchased property, is it correct to use the purchasing price minus the land value shown in the newest property tax bill?
@Loonypapa
@Loonypapa 21 день назад
@@yingwu2143 if you have a professional do it properly, the audit risk is low. None of my reports have ever been audited, but then again I'm a licensed engineer and I'm exactly the type of professional that the IRS wants to see do these things. As a P.E. and a member of ASCSP and AACE, the methods for determining values are straightforward for me, but probably a mystery for the average person. Also regarding land, the IRS doesn't like to see assessed land values as the basis for land. They'd rather see comps or a full blown appraisal. There are also a small list of closing costs that can be incorporated into the final basis.
@lihorsepropertiesliequine5474
@lihorsepropertiesliequine5474 11 месяцев назад
If you owned a house for many years ( rental property ) and never did cost seg can you do the past 15 years now ?
@scottyoung6252
@scottyoung6252 Год назад
Again Tony Great Video, Information that Everyone of those new agents are going to hate> 87,000 of them...
@andresyepes3424
@andresyepes3424 Год назад
Thanks Thanks and Thanks 🙏♾️
@reneeday5271
@reneeday5271 Год назад
I really need to talk to you Toby. I am a long time real estate investor and need your advice. I really enjoy your videos. Lots of great info which I appreciate!
@Calventius
@Calventius Год назад
Super!!!!
@ellenoir5678
@ellenoir5678 Год назад
Coach Toby One!!!
@miltonboys4177
@miltonboys4177 Год назад
Do you have accountant recommendations for rental property in MS and CO?
@tellwilliams4493
@tellwilliams4493 Год назад
Thank you so much
@TobyMathis
@TobyMathis Год назад
Thank you for watching the channel!
@johnbarry8185
@johnbarry8185 Год назад
Hey Toby, if you do an asset segregation, and end up with the IRS owing you, for several years, is there anything special that needs to be done?
@alisajordan2331
@alisajordan2331 Год назад
Do you recommend whole life policies?
@margiefong3323
@margiefong3323 Год назад
How do you get the amount of each such carpet. cabinets, &landscape value amount at house purchase? by estimating or by having a professional to do that?
@akbari55
@akbari55 10 месяцев назад
Such a helpful video. Thank you! Now, how do we find these CPAs that can do this...?
@TobyMathis
@TobyMathis 10 месяцев назад
Good question! Anderson Business Advisors has a team of Attorneys and CPAs that work with the provisions of the Internal Revenue Code to ensure individuals and investors can minimize their tax burden. With evolving laws and tax code interpretation, we strive to adapt and develop new strategies for people to have the most asset protection and tax mitigation that the law provides.
@77777withlove
@77777withlove 3 месяца назад
Thanks so much for your explanation. Can we do the bonus cost seg the second year of owning the house? If not, what can we deduct on the second year ? Thanks so much
@TobyMathis
@TobyMathis 3 месяца назад
Great question, in order to assist you further, I highly recommend you request a free 45-minute consultation to discuss our proven asset protection and tax strategies and how they apply to your unique situation. Visit: aba.link/84a6a3
@lcinflorida8728
@lcinflorida8728 Год назад
Wow I'm watching this a second time... This is really damn good info!!! Thank you!
@TobyMathis
@TobyMathis Год назад
Thank you!
@markcornelson3529
@markcornelson3529 Год назад
You mentioned this could be done on real estate you already sold. Then right at the end I believe you said “if you have access to it” can you elaborate?
@mrbigcat9
@mrbigcat9 Год назад
The depreciation has to be recaptured when you sell it?
@alejandrorobles1628
@alejandrorobles1628 11 дней назад
Will you reccomend any app or tools to keep books easier for taxes
@renewilliams5909
@renewilliams5909 Год назад
My accountant is moving from California to Washington, he had mentioned being re professional to my wife years ago, but we understood she needed to be selling property herself and take courses exams and state licensing. She stopped working as nurse Rn to manage our properties. We never cost segregated and never filed as her being re pro. What a costly mistake. Please help and point me in direction of who we talk to. Thanks for great information.
@veinstenicao9318
@veinstenicao9318 Год назад
Hi, who you you have that can do the cost segregation study?
@ATraneMMA
@ATraneMMA Год назад
Loved the video. I have a few ABNB's. Can you refer a tax firm that performs cost segregation work?
@TobyMathis
@TobyMathis Год назад
Hi Andy, we recommend speaking with one of our advisors. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
@elislossberg7766
@elislossberg7766 Год назад
Would there be any benefit to donating to your own non-profit after the first year deduction?
@benroth1552
@benroth1552 Год назад
What year does 100% bonus depreciation stop?
@protocolmagic
@protocolmagic Год назад
Don't these techniques just move deductions from the future to the present? In the long term is there any advantage?
@douglasburt5323
@douglasburt5323 Год назад
Can you send a link for the company that can do the cost segregation analysis? Thanks
@Macrivi
@Macrivi Год назад
How much will cost this study in NJ?
@JackLaw3000
@JackLaw3000 Год назад
How to assess the values, like carpets, cabinets, etc?
@jonmackay8380
@jonmackay8380 Год назад
Wow! I wish I would of known about this 10 years ago. Thank you!
@bryanhepding3851
@bryanhepding3851 27 дней назад
Mr.Mathis is Brillant !
@TobyMathis
@TobyMathis 23 дня назад
Thank you so much for the kind words!
@LHong-cr8ds
@LHong-cr8ds 10 месяцев назад
Hi, great video . I have a rent for 89 years already. But I didn’t do cost seg. Can you refer someone can do cost seg. Analysis in Orange County, CA?
@ajnako12
@ajnako12 Год назад
Good info
@TobyMathis
@TobyMathis Год назад
Thank you nok, glad you think so!
@robmclaughlin420
@robmclaughlin420 10 месяцев назад
Great video
@TobyMathis
@TobyMathis 10 месяцев назад
Thanks for watching!
@corinnemars4313
@corinnemars4313 Год назад
Thank you for the great information 😀
@TobyMathis
@TobyMathis Год назад
Our pleasure! Thank you for watching!
@jonjones1943
@jonjones1943 Год назад
What if you make rental to primary
@AscenderConsulting
@AscenderConsulting 9 месяцев назад
I was a little overwhelmed but I think I followed most of this. Got any recommendations for a tax acct in Lake County. FL?
@TobyMathis
@TobyMathis 9 месяцев назад
I recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
@justinlee6270
@justinlee6270 Год назад
Toby fantastic info. Thank you. Incredible explanation. I’m a physician and we are buying 2 houses for 9 million and then possibly a third if things work out well. We will rent these as they are 1031 properties. Can I depreciate these using your description here even though I am still practicing and using a rental management company? Thanks J Lee MD
@TobyMathis
@TobyMathis Год назад
Hi Justin, we recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session, aba.link/tobyss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.
@MrAhoelzel
@MrAhoelzel Год назад
Is there deprc recapture upon sale?
@tylersipe4040
@tylersipe4040 9 месяцев назад
Something I haven’t been able to find online. I have owned (and lived in) a property for nearly 7 years. Now, we are buying a new personal property and turning the house that we’ve lived in for years into a rental property. If we were to do a cost segregation analysis, would the basis of this analysis (and subsequent depreciation) be the purchase price from 7 years ago (130,000) or the approximate value of the house now (around 240,000)?
@Loonypapa
@Loonypapa 5 месяцев назад
It's whatever you paid for it originally, plus any capital you put into it. You only use the current market value when you purchase the property for the current market value.
@lanamarx5277
@lanamarx5277 Год назад
Can you do that on commercial real state?
@damianmussi2362
@damianmussi2362 Год назад
Great video! what about if the house has a mortgage ? can I deduct the same amount of this or just my equity? Also can I deduct the mortgage? Last question, so if I have a home, that I dont use or I lend it to a friend, can I ask him to leave the house November and write it off? or must to be the las time of the year?
@TobyMathis
@TobyMathis Год назад
Generally, this applies regardless of whether the property is financed or not. So, this applies to the full purchase price of the property, not just the equity. In addition to this depreciation, if the property is financed, you can often write off the interest being paid as well. If you are the legal owner of the home, you can use the depreciation as a loss, regardless of whether the friend stays or leaves in the property. Generally, as mentioned in this video, you may use up to $25,000 per year in the losses, or unlock all of the passive losses if you qualify as a Real Estate Professional. If you are seeking to take advantage of the short term rental real estate professional status, then yes, your friend would need to vacate the property, and you would need to self manage (if towards the end of the year).
@richardtoney2441
@richardtoney2441 Год назад
Is ther any software to help calculate the segregated cost
@silasmurphy-ellis7175
@silasmurphy-ellis7175 Год назад
Great Video! one question: can i use cost segregation to lower my taxes from income earned from my other businesses? for example: I'm a home inspector, and business has been good. I have a new property i bought recently, but have not yet rented it out. can i depreciate this before renting it out, and use this to offset some of the gains made from my home inspection business? or can i only use this to offset gains made from the rental property itself?
@TobyMathis
@TobyMathis Год назад
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@protocolmagic
@protocolmagic Год назад
If it's in the same year as active rental activity you can, e.g. self managed airbnb with short stays. (Schedule C vs Schedule E)
@tax-modern
@tax-modern 4 месяца назад
@@protocolmagic Self-managed short-term rentals (using the "STR loophole") still go on Schedule E, not C.
@TobyMathis
@TobyMathis Год назад
Claim Your FREE 45-minute consultation to receive business planning tips and asset protection. 👉 aba.link/84a6a3
@andreakonig2410
@andreakonig2410 Год назад
ok oo
@wsmaga
@wsmaga Год назад
I could def use your help with my rental. Awesome information.
@MrManny075
@MrManny075 Год назад
Taxes help build schools, hospitals, and infrastructure that you use every day if everyone avoids paying taxes then what? Only the poor man pays taxes, and the rich use everything the poor man pays for, is that good? Badman says I don't care, greed is good.
@wsmaga
@wsmaga Год назад
@@MrManny075 stay poor and pay more taxes. Remember when doing your taxes at the end of the year you can always pay more. Just remember this, a poor man has never given anybody a job.
@MrManny075
@MrManny075 Год назад
@@wsmaga No one said to pay more just be honest and pay what you should, A greedy person never thinks of paying more he always tries to pay less, Remember this, a greedy rich man without the poor man, he wouldn't have a job in the first place, in fact, he wouldn't have anything
@joelvillanueva1392
@joelvillanueva1392 Год назад
Hi Toby, I sold a property in 2021 so I paid capital gain of 40K on top of my employment tax. Anyway we still amend it and pay a lesser tax? Thank you.
@mia7065
@mia7065 Год назад
Can you refer me to a company that helps with cost segregation? I need to do this for my Real Estate purchased at the end of 2022. I need the extra tax savings to offset a partial 1031 exchange.
@lcinflorida8728
@lcinflorida8728 Год назад
Third time watching this. Forgive me if I don't use correct terminology. Can you cost seg to offset taxes owed for drawing from your IRA? Or to make contributions to a Roth IRA? Are there any different rules for a mobile home new or used, on paid off land? How many years can you roll over any excess from the cost seg? Isn't the IRS changing this code at the end of this year? I'm still seriously ruminating over all this good information! Thank you!
@TobyMathis
@TobyMathis Год назад
Honestly, if you haven't started yet then it is unlikely that a cost segregation can be fully started and finalized this year anymore, unfortunately, not without some crazy efforts and convincing evidence. That being said, generally, the cost seg will offset other income being taxed so it will depend on how the IRA was pulled. If it is income tax from it then likely yes, if it is early withdrawal or fee-related, then likely no. There aren't any different rules that I'm aware of. You can continue to roll it over until used. The IRS may change things, but that is always the case and you should plan according to the current rules.
@lcinflorida8728
@lcinflorida8728 Год назад
@@TobyMathis thank you so very much...I'm mentally digesting this...
@brucebruce1673
@brucebruce1673 Год назад
Great video bud, keep it up. We definitely appreciate your efforts... for sure
@barbarawillis
@barbarawillis Год назад
Does this have the same effect on property that you've owned for over 30 years?
@youmayberight2434
@youmayberight2434 Год назад
Thank you. Great information!
@TobyMathis
@TobyMathis Год назад
Thanks for watching!
@Texasdj201
@Texasdj201 Год назад
Great information wish I knew This will work on personal property
@This1That0
@This1That0 Год назад
Where do we get tax segregation assessment? Is this something that can be done in Maryland?
@gscop1683
@gscop1683 Год назад
My wife and I retired. I made great pre-retirement decisions, and we are very comfortable and own our main home And a nearby cabin on a mountain. thinking of renting it or having a "management company" handle the rental and cleaning etc...Have No Idea what to talk to an accountant or lawyer about. Im getting hammered right now on the rising income tax on my "retirement."
@masontmike
@masontmike Год назад
How does VRBO 30 days or more work in this scenario?
@fyuzebox
@fyuzebox 23 часа назад
Hi, thanks for the great information. Quick question, if I am a US citizen living abroad would this also be applicable to foreign properties I own? Above and beyond the typical FEIE deduction of course.
@TobyMathis
@TobyMathis 8 часов назад
Thanks for tuning in. That's a great question, have you set up a consultation with my team? I might register for a consultation so we can provide the most accurate solution. aba.link/84a6a3
@bennguyen5324
@bennguyen5324 Год назад
Hi Toby, thank you very much for this informative video. Do you know if this " tax loophole" is applicable to Canadian real estate?
@randyboggs1271
@randyboggs1271 Год назад
Great video. The one thing I wish everyone would stop doing is referring to this as a "loophole". It is an Incentive. The government has created incentives to encourage people to buy real estate, vehicles and other goods, and offer a tax savings if they do. This is done as a stimulus to the economy. It gives people jobs and, in the case of rental real estate, it gives people places to live that other wise wouldn't exist. It is fair and effective. Politicians refer to these incentives as loopholes as a way to vilify the use and claim people don't pay tax. Thanks again, Toby!
@overbuiltlimited
@overbuiltlimited Год назад
Excellent points!
@10317
@10317 Год назад
Thanks Randy. You had an elegant way of wording real estate investing.
@akemyjones4196
@akemyjones4196 Год назад
I live in California. Do you have anyone you could refer me to that does cost segregation? Also to establish a non profit organization? Thank you so much. I've learned so much by watching your videos.
@randyboggs1271
@randyboggs1271 Год назад
@@akemyjones4196 Check with your CPA
@stevencollin617
@stevencollin617 Год назад
Very Good point
@sruli82
@sruli82 2 месяца назад
Thank you for an amazing video ! If one does a cost segregation after selling the property, wouldn't they just be paying more taxes on their depreciation recapture when selling ? (unless they'd be doing a 1031)
@Loonypapa
@Loonypapa 2 месяца назад
A 1031 doesn't relieve you from the clawback provisions if you do a cost segregation study and don't keep the property more than 6 or 7 years.
@TobyMathis
@TobyMathis 2 месяца назад
Possibly, but generally if you are talking about rental property, most of our clients will either hold on to the property long term, or 1031 exchange the property for a new one.
@RandallBrower
@RandallBrower Год назад
It appears this only works if I purchase/own the property in my name. But that means the liability is in my name. If I purchase and manage under a LLC does all of this still apply?
@johnwatlington7525
@johnwatlington7525 11 месяцев назад
Please send me information about segmentation of tax write off. Thanks John Watlington
@TobyMathis
@TobyMathis 11 месяцев назад
Are you interested in a free strategy session to go over the information?
@ronhoward6967
@ronhoward6967 Год назад
Great video. Now to figure out how to implement into the portfolio!
@TobyMathis
@TobyMathis Год назад
Great to hear and good luck!
@John-ku7mj
@John-ku7mj Год назад
Can I use the rental depreciation to offset my ROTH IRA conversion taxes too?
@TobyMathis
@TobyMathis Год назад
Thank you so much for your question! We highly recommend you join us at our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: aba.link/taptoby
@J9felineLove
@J9felineLove Год назад
is 1099-int on EE bonds passive or active?
@gabechotzen7832
@gabechotzen7832 Год назад
This is a fantastic video. So much great and accurate content. Most RU-vid tax videos promise something in the title and underdeliver with high level, vague content. This is quite the opposite. I’m a CPA, and you’re spot on, Cost Seg studies are rarely taken advantage of. Loved the Doctor AirBNB strategy you provided.
@TobyMathis
@TobyMathis Год назад
Thank you, we are glad to hear you found the info informative! We appreciate your kind words.
@drx1xym154
@drx1xym154 Год назад
The problem with taxes is that they vary - State to State and country to country ... and there is a TON of nuance on all those rules and incentives. Specific advise can be tricky to give - in broad terms, which I guess is why SOME channels are so vague. This is why people specialize. A good CPA/Tax accountant can be worth their weight in gold. Fair winds!
@tanukissable
@tanukissable Год назад
HI, thank you for the information Toby. Who can make a cost cegregatio analysis?
@jennamayeres
@jennamayeres 8 месяцев назад
Can you explain what happens in the years after you do the cost segregation?
@TobyMathis
@TobyMathis 8 месяцев назад
Cost Segregation just means writing off assets over their actual useful life versus a default of 27.5 or 39 years. So your deduction does way up in earlier years and lowers in later years. What this means in a practical sense is you pay less taxes early on and more taxes later on - it is the time value of money that makes all the difference to an investor. A dollar today is worth more than a dollar in 5 years. So cost segregation is making sure we have more "today" dollars.
@thomasforbestv5388
@thomasforbestv5388 Год назад
Toby, always on the mark
@sharbinsa
@sharbinsa Год назад
How does the segregation of depreciation affect capital gain when selling the rental property?
@2Greenlid
@2Greenlid Год назад
Your cost basis is lower, so cap gain would be greater
@brettrossetti211
@brettrossetti211 Год назад
Can i go back on past years that i have not filed yet? I have to file 2017 to current.
@AmandaWeichers-fr8oi
@AmandaWeichers-fr8oi Год назад
I purchased a farm that has our house plus a duplex. We Airbnb the two duplex units as a farmstay. It seems like this would benefit me as well as treating the property as a triplex, Am I someone your firm could help?
@rolandlamore5439
@rolandlamore5439 Год назад
Hi Tony .You just opened up my eyes to a whole new piece of info I had no awareness about and thank you .
@TobyMathis
@TobyMathis Год назад
Glad to hear it, we hope you are able to check out more of our content for more quality info.
@rolandlamore5439
@rolandlamore5439 9 месяцев назад
Hey Tony I went back to this video to brush up ( looking to buy another property ) and the question I have where does one go to look up all of the codes and reg's for this awesome information .Keep up the great content it's great. Thank you
@terenceeans1577
@terenceeans1577 8 месяцев назад
Amazing information, really clear and direct!!! Thank you
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