How to (Legally) Reduce Taxes with Real Estate + Crucial New Trump Tax Plans

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 29 January 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

The clock is ticking to tax day, and you could be stuck with a big tax bill. Thankfully, if you own real estate, reducing your taxes is easy. Don’t know which write-offs to take? We brought CPA and real estate investor Amanda Han on the show to break down the most crucial tax-saving tips for real estate investors. Plus, she sheds light on President Trump’s tax plan, how it could significantly benefit real estate investors, and what changes to watch for. If you’re not taking advantage of write-offs like depreciation or boosting your retirement with tax-deferred real estate investing, you could be missing out on tens of thousands, if not hundreds of thousands, in tax savings. Keep more money in your pocket come tax day by following Amanda’s tips (you don’t even need a CPA to take advantage of some of these!). Will Trump bring back the holy grail of tax deductions—100% bonus depreciation? Could he make “SALT” (state and local tax) deductions uncapped so you can lower your federal taxes even more? What about the other “tax-free” income source that could become a reality in President Trump’s second term? Amanda is sharing info on all of it so you can pay less taxes, keep more of your hard-earned money, and invest faster! In This Episode We Cover: The one massive real estate tax deduction that President Trump could bring back soon One real estate write-off every single investor should take advantage of NOW How to use your retirement accounts to buy real estate (and defer your taxes!) “SALT” deductions and how this could significantly reduce your federal income taxes Do you really need a CPA to take advantage of real estate tax deductions? And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Invest in High-ROI Turnkey Rentals with Rent to Retirement or Txt REI to 33777 Sign Up for BiggerPockets Momentum 2025 to Supercharge Your Investing This Year Grab Amanda’s Books on Real Estate Tax Strategies Find Investor-friendly Tax and Financial Experts 4 Real Estate Tax Strategies That Can Protect You From Inflation Connect with Amanda Connect with Dave (00:00) Intro (02:27) Huge Tax Savings of Real Estate (08:05) DON’T Forget About This (13:08) Investing with Retirement Accounts (20:53) New Trump Tax Policies (26:22) “SALT” Tax Savings (31:37) Will Capital Gains Change? Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1076 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's up, everyone? It's Dave. We are, of course, past the new year, which we are just
0:09.0	counting down the time to everyone's least favorite day of the year, April 15th, because, of course,
0:15.4	paying taxes really sucks. But there is actually sort of a silver lining for real estate investors. Then tax season
0:23.2	sort of makes me feel grateful to be a real estate investor because owning real estate has a ton
0:28.5	of tax advantages. Properties, of course, make you money, but they also help you keep more of your
0:34.2	cash flow, and it can even offset gains from other investments or your ordinary
0:38.6	income. It is a lot of paperwork, but let me tell you from some very expensive experience
0:44.6	that it is worth thinking about and talking about this stuff because you are almost certain
0:49.9	to save more money if you just invest a little bit of time and money into optimizing your tax
0:55.7	strategy. So today on the show, we're getting ready for tax season with our guest, Amanda Hahn.
1:01.5	Amanda is a CPA. She's also a real estate investor herself, and she specializes in helping
1:06.2	other investors reduce their tax burdens as much as possible. In today's episode, Amanda is going to talk us through the basics that every investor should know before filing their taxes,
1:16.6	and she's even going to share a few more under-the-radar-style tips that only pros really use.
1:22.6	Then in the second half of the show, we're going to get into a question that's been on my mind. And from the
1:28.0	questions I get, it's on a lot of other people's minds right now. What does the new Trump
1:32.8	administration mean for taxes going forward? Are we going to pay less? Are there going to be
1:37.1	any changes to the many tax and benefits we enjoy as real estate investors? Let's find out with
1:42.6	Amanda Hahn. Amanda Hahn, welcome back to the Bigger Pockets podcast. Thanks for being here.
1:48.5	Yes, I'm so excited to be here with you, Dave.
1:51.0	Well, you are a frequent guest and friend of the show, but for anyone who's new around here,
1:55.2	could you just give a brief intro?
1:57.6	Yes. My name is Amanda Hahn. What I tell people is I am a CPA by day and real estate investor by night.
	...

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