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EP 164: How to Use Real Estate to Reduce Taxes with Amanda Han

business Mar 19, 2021

You either have an LLC that you utilize correctly, or you might as well not have one at all.  On today’s episode, we talk with Amanda Han, tax strategist, investor and author, about how you can use real estate to reduce taxes.

There are many misconceptions when it comes to real estate and taxes and our guest is here to set them straight. We discuss with Amanda how you don’t need a legal entity to take real estate related deductions, the benefits to lending out of your IRA, tax strategies used in short-term rentals, and how to qualify as a real estate professional in the eyes of the IRS. Amanda also shares with us that it’s okay to outgrow your CPA and the importance of working with one that is well versed in real estate.

As both a tax strategist and real estate investor, Amanda Han combines her passion of real estate investing with her expertise knowledge in tax strategies. Her goal is to help investors with strategies designed to supercharge their wealth building using entity structuring, self-directed investing, and income offset opportunities to keep more of what they make. Amanda has a highly rated book Tax Strategies for the Savvy Real Estate Investor on Amazon and she has been featured in prominent publications including Money Magazine, Talks at Google, CNBC’s Smart Money Talk Radio as well as BiggerPockets podcasts. Amanda and her husband Matt MacFarland have a passion for animals and founded Animals for Armed Forces, a non-profit organization that has helped to place over 1,500 shelter pets with forever homes.

On today’s episode, we discuss a ton with Amanda including:

  • Common real estate related tax deductions investors can take
  • Common mistakes people make when it comes to saving on taxes
  • How cost segregation can help and when to do it
  • Ways to supercharge your retirement investments
  • Short-term rental tax benefits

Books/Resources

Rich Dad Poor Dad by Robert Kiyosaki

Build a Business and Not a Job by David Finkel

Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matthew MacFarland

Contact Information

www.keystonecpa.com

 

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