Collecting Keys - Real Estate Investing Podcast

EP 199 - The Truth About Accelerated Depreciation & RE Professional Status w/ Tax Strategist Thomas Castelli

April 01, 2024 Mike DeHaan Season 1 Episode 199
Collecting Keys - Real Estate Investing Podcast
EP 199 - The Truth About Accelerated Depreciation & RE Professional Status w/ Tax Strategist Thomas Castelli
Show Notes

There are tax advantages for investing in real estate, but do you actually know how to leverage them for your benefit?

In this episode, Thomas Castelli, CPA, CFP, drops a ton of knowledge on how to maximize your tax savings as a real estate investor. He dives straight into the pros and cons of accelerated depreciation, the right time to do cost segregation studies, common misconceptions and mistakes investors make in their tax strategy.

Thomas provides tips for choosing the right CPA for your real estate business, tracking your business hours and taking advantage of your professional real estate status.

Don’t miss this opportunity to learn how to optimize your investments with expert advice from a tax strategist. Tune in now!

Topics discussed in this episode:

  • The role of a tax strategist in real estate
  • Misinformation around tax strategies
  • How to properly vet a CPA
  • Tax benefits of being a real estate professional
  • Understanding accelerated depreciation
  • When to NOT do cost segregation studies
  • Common mistakes and how to avoid them
  • Planning ahead for tax season


Connect with Thomas Castelli:

https://thomascastelli.com/links

https://twitter.com/thomascastellicpa

https://www.instagram.com/thomascastellicpa

https://www.linkedin.com/in/thomascastelli

https://www.tiktok.com/@thomascastellicpa

https://www.facebook.com/castellithomas


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This episode was produced by Podcast Boutique https://www.podcastboutique.com