Two people who have seen almost every real estate tax mistake around are Amanda Han and Matt MacFarland from Keystone CPA. They’ve time and time again had to educate real estate investors on all the possible deductions that they were missing out on. Now, in front of the whole BiggerPockets community, Amanda and Matt can showcase the six biggest tax mistakes they see real estate investors make, so you can save thousands (or more) on your 2022 taxes.
Have you been making any of these tax mistakes? Are there any common tax mistakes you had to find out about the hard way? If so, let us know in the comments below!
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Grab “The Book on Tax Strategies for the Savvy Real Estate Investor”:
The Book on Tax Strategies for the Savvy Real Estate Investor
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7 Common Tax Mistakes of New Real Estate Investors:
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4 Depreciation Tax Mistakes Investors Need to Avoid:
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Work with Keystone CPA on Your 2022 Taxes:
https://www.keystonecpa.com/
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Connect with Amanda and Matt on BiggerPockets:
Amanda: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none
Matt: https://www.biggerpockets.com/users/macfarland?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 6 Tax Mistakes to Avoid
00:17 1. You Need an LLC for Write-Offs
01:09 2. Your Home Office Will Flag the IRS
01:50 3. Only Realtors are Real Estate Professionals
02:49 4. Only Professionals Can Take Deductions
03:32 5. Depreciation Isn’t Based on Sales Price
04:32 6. Tax Planning + Filing Are The Same