Capital Gains Tax Strategies Without a 1031 Exchange w/ Mark Myers
About this episode
Mark Myers discusses strategies for real estate investors to reduce capital gains taxes without using a 1031 exchange.
Mark Myers reveals how real estate investors can legally slash capital gains without a 1031 exchange. Mark Myers, founder of TaxWise Partners, joins Jack to break down the tax strategies most CPAs never have time to explore. Mark's team acts as a bridge between investors and their existing CPA, vetting advanced strategies through tax attorneys and accounting partners before recommending them to clients. In this conversation, Mark and Jack cover a strategic partnership alternative to the 1031 exchange, why donating assets instead of cash can produce a bigger deduction than the gift actually costs, how an S-corp salary structure can save 15.3% on employment tax, and why buying solar panels on a commercial property can save $1.25 to $1.55 in taxes for every dollar invested. If you are a real estate investor, house flipper, or self employed business owner who wants to stop overpaying the IRS, this episode is built for you. Key topics: Legally avoiding capital gains tax without a 1031 exchange Pre-sale tax planning for house flippers Donating assets instead of cash for a larger deduction The S-corp $60,000 salary secret Solar tax credits versus buying a rental property Guest bio: Mark…
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