269: How the New Tax Code Affects Your Real Estate Investments with Amanda Han and Brandon Hall

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 8 March 2018

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Big changes are underway in the U.S. tax code—and it could make a huge difference to your bottom line. Thankfully, today on the BiggerPockets Podcast, we get to sit down with two CPAs who focus entirely on helping real estate investors navigate the tax code! Amanda Han and Brandon Hall join us today as we dive deep into the new changes—plus tackle some of the most common questions new real estate investors ask! In This Episode We Cover: Who are Amanda and Brandon? Changes of the new tax bill What is passthrough deduction? Increasing the depreciation schedule The concept of cost segregation The 1031 exchange provisions have been modified Using 1031 Business interest limitation What is a tax shelter? Section 179 — write off 100 percent as an asset What can a investor do now? When do you need a CPA? Some more free tax advice And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Money Show Forget BRRRR: Introducing the BARRRR Strategy for Investors (Blog) IRS Schedule E (PDF) BiggerPockets Blog How the Final GOP Tax Bill Will Affect Real Estate Investors (Blog) Books Mentioned in this Show The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland Rich Dad Poor Dad by Robert Kiyosaki What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli The 4-Hour Workweek by Timothy Ferriss Building a StoryBrand by Donald Miller Tweetable Topics: “Hire the right people right away.” (Tweet This!) Connect with Amanda Amanda’s BiggerPockets Profile Amanda’s Company Website Connect with Brandon Brandon’s BiggerPockets Profile Brandon’s Company Website Brandon’s LinkedIn Profile Brandon’s Facebook Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast.
0:02.0	Show 269.
0:04.0	This is very important.
0:05.0	I'm really glad that we're doing this podcast today,
0:07.0	because it does also impact those individuals
0:10.0	who have not yet filed 2017 tax returns.
0:14.0	And so before September, I think it was towards the end of September 2017.
0:18.7	Okay, so January to September of last year,
0:22.4	what we were allowed to take was a 50% bonus depreciation.
0:25.4	What does that mean? Well, if you're running an Airbnb business and you bought new
0:28.9	furniture for your business, you were potentially able to write off up to 50% of that purchase price immediately,
0:36.4	and then the rest you would depreciate over the life of the asset.
0:39.5	Effective in September of last year as part of the tax reform they've upped that
0:44.2	deduction now to 100%. You're listening to bigger pockets radio, simplifying
0:50.0	real estate for investors large and small. If you're here looking to learn about real estate for investors large and small.
0:53.0	If you're here looking to learn about real estate investing,
0:56.0	without all the height, you're in the right place.
0:59.0	Stay tuned and be sure to join the millions of others
1:02.0	who have benefited from BiggerPockets.com.
1:05.2	Your home for real estate investing online.
1:08.2	What's going on everybody?
1:09.2	I'm Scott Trench, co-host of the Bigger Pockets podcast here with my co-host Mr Brandon
	...

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