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#512: Leveraging Passive Activity Losses to Reduce your W-2 Tax Burden
Manage episode 423010365 series 1509138
Uncover the Rental Tax Loophole That Could Save You Thousands
Want to know the secret for using rental properties to slash your tax bill? In this eye-opening episode, CPA Brandon Hall reveals a little-known “short-term rental loophole” that could score you massive tax deductions – even if you have a full-time job.
Brandon, who owns a portfolio of 24 rental units himself, explains how this strategy allows you to:
- Deduct up to $150,000 in rental losses against your regular income
- Immediately write off major property improvements like new roofs and HVAC systems
- Avoid the onerous “real estate professional” requirements that trip up most investors
As the founder of Hall CPA, Brandon has helped countless real estate investors maximize their tax savings. Now he’s sharing his insider knowledge on how to legally reduce your tax bill by thousands using short-term rentals.
Don’t miss this chance to uncover a game-changing tax hack that could supercharge your investing returns. Watch to discover Brandon’s 3-step system for tapping into this lucrative loophole.
(04:40) Why Do Passive Activity Loss Rules Matter?
(09:14) What is a passive activity?
(14:42) Bonus Depreciation
(26:45) Using LP investments to offset passive income
(32:48) Avoiding passive losses
(36:10) Real estate professional status (REPS)
(44:21) 7 tests for material participation
(46:41) Exception for short-term rentals
Links from Podcast
Brandon Hall Email: brandon.hall@hallcpallc.com
Brandon Hall LinkedIn: https://www.linkedin.com/in/brandonhallcpa
304 episodes
Manage episode 423010365 series 1509138
Uncover the Rental Tax Loophole That Could Save You Thousands
Want to know the secret for using rental properties to slash your tax bill? In this eye-opening episode, CPA Brandon Hall reveals a little-known “short-term rental loophole” that could score you massive tax deductions – even if you have a full-time job.
Brandon, who owns a portfolio of 24 rental units himself, explains how this strategy allows you to:
- Deduct up to $150,000 in rental losses against your regular income
- Immediately write off major property improvements like new roofs and HVAC systems
- Avoid the onerous “real estate professional” requirements that trip up most investors
As the founder of Hall CPA, Brandon has helped countless real estate investors maximize their tax savings. Now he’s sharing his insider knowledge on how to legally reduce your tax bill by thousands using short-term rentals.
Don’t miss this chance to uncover a game-changing tax hack that could supercharge your investing returns. Watch to discover Brandon’s 3-step system for tapping into this lucrative loophole.
(04:40) Why Do Passive Activity Loss Rules Matter?
(09:14) What is a passive activity?
(14:42) Bonus Depreciation
(26:45) Using LP investments to offset passive income
(32:48) Avoiding passive losses
(36:10) Real estate professional status (REPS)
(44:21) 7 tests for material participation
(46:41) Exception for short-term rentals
Links from Podcast
Brandon Hall Email: brandon.hall@hallcpallc.com
Brandon Hall LinkedIn: https://www.linkedin.com/in/brandonhallcpa
304 episodes
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