Taxes for Real Estate Investors with Chris Picciurro

As accountants, we get to specialize in a ton of different areas, from industry niches to specific client types and needs. As the host of this show, one of the most thrilling parts is bringing in experts who specialize in various fields. I'm excited to chat with Chris Picciurro today!

Chris is a renowned tax planning and strategy expert for US-based real estate investors. With so many folks investing in this asset class, his knowledge of tax strategies for real estate investors is an absolute game-changer. His impressive credentials include a CPA, MBA, PFS, and ARA, and he's even taught as an Adjunct Professor at both Baker College and Davenport University. Chris is a passionate innovator who's dedicated to helping taxpayers reduce their taxes over their lifetime. And, just like us, he believes that "keeping what you earn" is absolutely essential for business owners and real estate investors. Get ready to learn a ton from Chris!

What you'll hear in this episode:

[3:00] About Chris and why he became an accountant

[6:00] The key tax advantages to investing in real estate

[8:00] Different ways you can engage in business as a real estate investor in a tax-advantaged way

[11:00] Why someone would want their income to be considered passive by the IRS

[12:30] Differences between short-term and long-term rental and how they can affect tax liability

[15:00] Cost segregation explained

[21:30] The power of depreciation in real estate

[22:30] How to navigate taxes when selling a property

[33:00] How to connect with Chris

* Visit Chris's website to receive KWYE exclusive offer: www.teachingtaxflow.com/keep

* Find Chris on Facebook: https://www.facebook.com/YourRealEstateCPA/

* Connect with him on LinkedIn: http://www.linkedin.com/in/picciurro

* Follow him on IG: https://www.instagram.com/teachingtaxflow/

* Related episodes:

219. Does an S Corp Make Sense for Me?

237. Tax Tips for Short Term Rental Owners with Ryan Bakke

248. How to Take the Home Office Deduction

* Find everything you need at www.keepwhatyouearn.com! https://www.keepwhatyouearn.com/

* Questions about this episode? Text me!: https://my.community.com/shannonweinsteincpa

* Chat about this episode in the Keep What You Earn Community – http://keepwhatyouearn.circle.so

* Hire us: https://www.fitnancialsolutions.com/accounting

* See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator

* Find me on IG @shannonkweinstein

* Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

* Featured in Yahoo Finance! Read more here: https://finance.yahoo.com/news/10-bookkeepers-accountants-watch-2021-113800161.html

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.