JF1663: The Easiest Way To Handle Your Real Estate Taxes #SituationSaturday with Devin Redmond & Thomas Castelli

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 23 March 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we have two guests with us today to discuss real estate taxes. Stessa is our sponsor and also our guest today, along with Thomas Castelli, an investor, CPA, and tax strategist. So hit play to hear the easiest way to handle your taxes and hear about the new laws. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Since the introduction of the Tax Cuts & Jobs Act in 2017 many real estate investors have wondered how these new rules and incentives will affect their taxes this year. Things were so confusing in fact that the IRS recently released clarification on the 20% pass-through deduction, and specifically singled-out real estate investments as needing more clarity. Devin Redmond, Head of Customer Success at Stessa and Thomas Castelli, CPA & Tax Strategist at the Real Estate CPA teamed up to help provide clarification on taxes for real estate investors by creating a series of resources that investors can reference. Best Ever Tweet: “You really want to be taking a proactive approach throughout the year” Devin Redmond & Thomas Castelli Real Estate Backgrounds: Devin Redmond: Head of customer success with Stessa Former commercial real estate pro and investor Say hi to him at https://www.stessa.com/ Based in San Francisco, CA Thomas Castelli: CPA & Tax Strategist at The Real Estate CPA Real estate investor, invested passively before being active in an 82 unit apartment community Say hi to him at www.therealestatecpa.com Based in NYC Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:05.0	You really want to be taking a proactive approach throughout the year,
1:08.0	making sure that you're implementing the right strategies,
1:10.0	making sure that you're taking the right actions that will give you those favorable
1:14.0	results come year end and ultimately reduce your tax life.
1:18.0	It's that time of year again, tax season, done and done.
1:22.0	How are you doing on tax season? how's that treating you so far?
1:25.0	Well, if you have a lot of receipts and you're organizing things like your income and
1:29.2	expenses and creating reports, and you're also trying to keep up to date with a new tax reform this year.
1:35.0	There's a lot of deductions that we can take to maximize return and there's a lot of strategies
1:42.0	that we need to make sure we're aware of.
1:44.0	Are you optimizing for the tax laws?
	...

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