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Investments that Save me Taxes
Manage episode 376885653 series 3472895
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Brian discusses in this podcast the importance of understanding and utilizing tax strategies to save money and make investments more profitable. He explains the concept of cost segregation studies in real estate, which allow investors to accelerate depreciation and take advantage of big depreciation losses in the first year of owning a property. Brian also emphasizes the need for individuals to take control of their finances and educate themselves on tax changes and strategies to make their money work harder for them.
Key Takeaways:
- Cost segregation studies in real estate allow investors to accelerate depreciation and take big depreciation losses in the first year of owning a property.
- Taxes are likely the biggest expense in one's life, and it is important to spend time researching tax changes and strategies to save money.
- Different types of income include active income, passive income, and capital gains/portfolio income, and each has different tax implications.
- Real estate professional status allows individuals to use passive losses to offset active income and save on taxes.
- Oil and gas investments offer unique tax advantages, such as the ability to depreciate intangible drilling costs 100% in the first year.
Host Contact Details:
Brian O'Neill - Passive Capital Partners
For more tips and advise for business owners looking to invest outside the stock market and reduce their taxes, follow me on my social media channels:
Facebook: Brian.Oneill.Investor
Instagram: Brian_Oneill_Investor
Youtube: Harder Working Money
Linkedin: brian-oneill-pcp
19 episodes
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