Welcome back to another episode! Today, we’re diving into how depreciation really works and why so many people misunderstand its impact on their taxes.
📌 In This Episode, We Cover:
• The #1 Misconception About Depreciation – It’s NOT dollar-for-dollar tax savings!
• How Much You Really Save – A $100K depreciation deduction doesn’t mean $100K in cash savings—it means you’re saving on the taxes of that amount.
• Active vs. Passive Income – Why it’s critical to match your losses to the right type of income.
• Real Estate Professional Status (REPS) – How it can turn passive losses into active losses, letting you offset more of your income—including your spouse’s!
If you own real estate, run a business, or are looking for ways to legally minimize your taxes, this episode is for you.
🔊 Tune in now! And don’t forget to subscribe so you don’t miss next week’s episode, where we break down how to qualify as a Real Estate Professional and unlock even more tax-saving strategies!
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.