313: Using Rental Real Estate Losses Against my Other Income
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 29 October 2020
⏱️ 52 minutes
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| 0:00.0 | Welcome, everybody, to another episode of the Main Street Business Podcast. |
| 0:08.8 | Here's Truling Mark Fuller and my amazing co-host, Matt Sorensen. |
| 0:12.0 | We are broadcasting live west of the Mississippi, helping clients around the country, |
| 0:17.5 | safe taxes, build well, and just, you know know make life a little nicer and you'd like my |
| 0:22.6 | new intro that was kind of that was yeah west of the mississippi does anyone refer to anything |
| 0:28.0 | as west of the mississippi more i was like lewis and clark would say that maybe who says that |
| 0:32.7 | anymore i was okay fair enough i was reading step Stephen Ambrose for some of you that go, |
| 0:37.9 | Okay. |
| 0:42.3 | Mark Fuller could quote dumb and dumber and read Stephen Ambrose. |
| 0:44.8 | I'm a renaissance. |
| 0:46.0 | I can do it all. |
| 0:46.9 | Yeah. |
| 0:51.3 | So I can relate to the most stupid people on the planet and hopefully some of the smarter ones. But anyway, Stephen Ambrose wrote the book about Lewis and Clark's undaunted courage. You read it, man? No, no. Sounds like a winner, though. Really good. Really good. Yeah. Anyway, so Matt's broadcasting live out of Phoenix. I'm over here in Idaho. Last week, I was in California. We've got offices in four states, but help planes around the country. And today is a big topic. |
| 1:11.8 | It's a really good topic. Matt, you want to lay it out? Yeah, baby. We're talking about something |
| 1:16.9 | actually that's been in the news. Donald Trump's been getting a lot of crap for this. It was probably |
| 1:22.0 | the biggest tax strategy revealed and why Donald Trump doesn't pay any taxes. And so we're going to talk about it. |
| 1:28.4 | We're talking about how rental real estate losses can offset your other income. It's a huge topic. |
| 1:34.9 | Whether you're Donald Trump with a massive hotel offsetting your, you know, income from, what was |
| 1:41.5 | his show, The Apprentice, you know, or whether you're, have a day job |
| 1:47.2 | in corporate American, you got a single family rental. |
| 1:49.6 | You know, it's the same tax strategy. |
| 1:51.5 | There's just different zeros on the end of it. |
... |
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