Non-investors hate real estate tax loopholes. It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills at the end of the year. Are investors unethically avoiding taxes OR are they carefully, quietly using the tax code to build wealth and bring their tax burden down to zero? And if the big investors can do it, can average investors use the same strategies?

Whether you own one, ten, or a thousand rental units, Matt Bontrager, CPA at TrueBooks, has a solution for you. He’s been working with real estate investors for years to help them minimize their tax burdens and maximize their portfolio values. And unlike most CPAs, Matt can explain these strategies in a way that excites you, instead of slowly lulling you into a depreciation-induced dream.

Matt touches on the most powerful ways to eliminate your taxes in 2022. These tax strategies work for almost every type of investor, whether you’ve got a full-blown business or just a short-term rental side hustle. These tax tactics, when used correctly, can allow you to walk away from 2022 with a bigger refund, no tax bill, or years’ worth of losses to roll over so you walk into 2023 in a better reposition than ever before.

00:00 Intro
02:26 Quick Tip
04:16 House Hacking Write-Offs and When to Hire a CPA
07:15 Getting Your Taxes Down to ZERO
08:32 Tax Preparers vs. Advisors
11:46 Bookkeeping Over Everything
17:26 Pay ZERO Taxes with Cost Segregation
30:42 Real Estate Professional Status
38:11 The Short-Term Rental Tax Loophole
55:48 Converting Your Primary into a Rental
56:59 Depreciation Recapture
01:04:04 Connect with Matt!

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Join BiggerPockets for FREE 👇
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Grab the BiggerPockets Books on Tax Strategies for Real Estate Investors:
Tax Strategies: https://store.biggerpockets.com/products/the-book-on-tax-strategies-for-the-savvy-real-estate-investor?utm_source=owned_media
Advanced Tax Strategies: https://store.biggerpockets.com/products/the-book-on-advanced-tax-strategies?utm_source=owned_media
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Understanding Rental Property Depreciation—A Real Estate Investor’s Guide:
https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment?utm_source=youtube&utm_medium=description&utm_campaign=none
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4 Real Estate Tax Strategies That Can Protect You From Inflation:
https://www.biggerpockets.com/blog/real-estate-tax-strategies-that-can-protect-you-from-inflation?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Matt:
BiggerPockets: https://www.biggerpockets.com/users/mattbontrager2?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @mattbontrager or https://www.instagram.com/mattbontrager/
Website: https://www.truebookscpa.com/
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Connect with Rob (Robuilt) on YouTube, Instagram, TikTok, and Twitter:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Twitter: https://www.twitter.com/robuiltchannel
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow David on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/

Episode 689

Show notes at: https://www.biggerpockets.com/blog/real-estate-689?utm_source=youtube&utm_medium=description&utm_campaign=none

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