About this episode

The episode discusses common tax mistakes related to depreciation and investment strategies for children's futures.

In this Q&A episode of the Tax Smart REI Podcast, Thomas Castelli and Nathan Sosa answer real questions from listeners, clients, and the Tax Smart community. They cover a wide range of topics, from how to properly track your time for material participation, to how short-term rentals should be classified for tax purposes, to what really qualifies for bonus depreciation under the latest tax law changes. They also break down strategies for investing for your kids’ future, including 529 plans, Roth IRAs, and newer account options, along with the pros and cons of each. To become a client, request a consultation from Hall CPA, PLLC at go.therealestatecpa.com/3KSEev6 Get the FREE Ultimate STR Tax Strategy Bundle: go.therealestatecpa.com/strbundle Submit your question for Tom & Nathan: go.therealestatecpa.com/question Time Log: https://www.therealestatecpa.com/time-log/ The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast…

People in this episode

Hosts: Thomas Castelli, Nathan Sosa

Topics covered

• depreciation
• tax audit
• material participation
• short-term rentals
• bonus depreciation
• 529 plans
• Roth IRAs

Keywords

• depreciation mistake
• tax audit
• material participation
• short-term rentals
• bonus depreciation
• 529 plans
• Roth IRAs

Mentioned in this episode

Organizations: Hall CPA

Explore listener stats, chart rankings, contacts and more on the Tax Smart Real Estate Investors Podcast podcast page.