Aug 19, 2020
Amanda Han has been a real estate investor for more than a decade now. She is certified by the CA State Board of Accountancy and is a member of the American Institute of Certified Public Accountants (AICPA).
Amanda is also a 40 under 40 honoree of the CPA Practice Advisor and has been featured in many different publications.
Amanda has also co-authored a series of books called the “Tax Strategies Series.” The book sold over 50,000 copies and is on Amazon’s bestseller list. In the book, Amanda shares many cutting-edge tax strategies including self-directed investing, income-offset opportunities, and entity structuring.
In this episode, Amanda shares her expertise on taxes—tax strategies for real estate investing, how to apply the concepts, and how it can save you money.
She also shared her insights as a real estate investor from a tax perspective. If you want to supercharge your wealth and keep more of what you are making, this episode is for you!
Key Takeaways
On her background as a CPA and how she got into real estate
Her suggestions for rental investors who are just getting started
Common misconceptions of real estate investors
Strategies to benefit on bonus depreciation
Perks of a real estate professional from a tax perspective
What the main roles of real estate professionals are
What she recommends for an entity structure
How self-directed investing can help with real estate investments
Misconceptions about IRA and their functions
The difference between 1031 exchange and opportunity zone fund
Mistakes rental property investors are making
Qualities of a tax strategist and CPA to look for Records that should be kept throughout the year
Links Amanda Han’s Profile in BiggerPockets - https://www.biggerpockets.com/blog/contributors/amandahan
Keystone CPA, Inc. Website - www.keystonecpa.com
Living Off Rentals FB Group - https://www.facebook.com/groups/LivingOffRentals/ Books The
Book on Tax Strategies for the Savvy Real Estate Investor: Powerful Techniques Anyone Can Use to Deduct More, Invest Smarter, and Pay Far Less to the IRS - https://www.amazon.com/Book-Strategies-Savvy-Estate-Investor-ebook/dp/B01BWDHLTQ/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors - https://www.amazon.com/Book-Advanced-Tax-Strategies-Investors-ebook/dp/B0846GTYGK/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=