The Top Tax Benefits of Owning Rental Property | Tax Tuesday
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 Published On Aug 16, 2023

40:52 What are the tax benefits of buying a rental property?

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0:00 Intro

8:43 I am a single-family home real estate investor, should I collect the rent in a separate checking account LLC vs the parent company LLC? I have a parent company LLC that owns the holding company LLC that I bought the property in and I have an S-Corp LLC collecting the rent. Is that correct?

15:57 If you refinance a rental home, can you start depreciating at refinance amount or does that have nothing to do with the original price paid and depreciation?

20:08 If my business doesn't have enough money after expenses to reimburse me on its Accountable Plan, can any unpaid reimbursements owed to me become a debt to the company, or be treated as owner equity that'll be able to be drawn on next year?

32:25 How do you determine the quality of a cost segregation vendor? How can you tell the good from the great? Does it even matter?

40:52 What are the tax benefits of buying a rental property? Is it correct that taxpayers can write off the entire cost of the asset, i.e., rental property? If so, is this the last year in which one will be able to do this?

48:56 I made a loan to an individual from a self-directed IRA. He is wanting to pay it back from a self-directed IRA. Will this create a taxable event for either of us?

51:04 I had a property fall vacant for repairs from July 2022 until April 2023. Can I still claim my expenses for the repairs while it wasn't rented out?

56:14 Can your Self-Directed IRA co-invest with you and not create a prohibited transaction? Even if you self-manage and may use the assets?

59:03 What business entity can leverage life insurance as an Executive Bonus plan for tax deduction?

1:02:05 When taking into account the bonus/accelerated depreciation on investment property, how far back and forward in time can the losses be accounted for?

1:06:13 Outro
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