Mastering Tax Savings: HSAs, Depreciation, and Real Estate Pro Tips
- Authors
- Published on
- Published on
In this riveting episode by Ryan Pineda, the focus is on HSAs, the holy grail of tax benefits. These accounts offer a triple whammy of advantages: tax-deductible contributions, tax-free growth, and tax-free withdrawals for medical expenses. It's like hitting the jackpot in the world of finance. As the discussion unfolds, the dynamic duo of Ryan and tax strategist Greg Taylor dive into the nitty-gritty of tax planning for real estate aficionados and entrepreneurs alike. They emphasize the critical role of structure in tax optimization, cautioning against the pitfalls of owning property in an S corp.
Transitioning smoothly into the realm of depreciation, Ryan and Greg unravel the intricacies of spreading asset expenses over time. From cars to real estate, they dissect the depreciation schedules and shed light on accelerated options like Section 179. The conversation takes an exciting turn as they delve into the elusive status of a real estate professional for tax purposes. Hours spent and income derived from real estate activities are the golden tickets to unlock this prestigious designation. The duo explores various real estate endeavors that could potentially qualify individuals as real estate professionals, from construction to property management.
As the episode reaches its climax, the spotlight shines on the blurred lines between real estate education and professional status. Ryan and Greg navigate the murky waters of defining real estate training versus education, offering insights into how activities like webinars and tutorials could impact one's eligibility as a real estate professional. The episode encapsulates a treasure trove of tax wisdom, guiding viewers through the labyrinth of tax planning strategies and the quest for maximizing financial gains while minimizing tax burdens.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Watch How To Legally Pay Zero Taxes (This Years Strategy) on Youtube
Viewer Reactions for How To Legally Pay Zero Taxes (This Years Strategy)
The conversation took an unexpected turn
Mention of God working miracles
Related Articles
Revolutionizing Home Surfaces: The Spray-Net Success Story
Discover Carmelo Marcalo's innovative company, Spray-Net, offering a cost-effective alternative to traditional home surface replacements. With patented technology and custom paint formulations, they provide durable solutions for roofs, sidings, and more. Explore their success story from inception to a groundbreaking appearance on Dragons Den.
The Tiny Challenge: Personalized Marketing for Coaches
Discover the game-changing marketing strategy of the tiny challenge: a personalized, one-on-one approach over five days, offering high conversion rates and scalability for coaches and course sellers.
Mastering Tax Savings: HSAs, Depreciation, and Real Estate Pro Tips
Uncover the tax-saving magic of Health Savings Accounts (HSAs) with Ryan Pineda and tax strategist Greg Taylor. Learn about triple tax benefits, depreciation strategies, and the path to real estate professional status in this insightful episode.
Master Cash Flow: Real Estate Investors' Guide to Profit First
Learn how real estate investors can avoid cash flow pitfalls with Profit First. Co-authored by David Richtor, this system emphasizes profit prioritization and cash tracking to ensure financial stability and growth.