265. Breaking Down The Tax Benefits of Oil & Gas Investments for Real Estate Investors

In this episode, Ryan and Thomas discuss:

- The Tax Implications for Oil & Gas Investments: Ryan and Thomas delve into the tax nuances of oil and gas working interests, highlighting the potential for offsetting active income without materially participating.

- Navigating Mineral Rights and Royalties: We unravel the tax considerations for investing in mineral rights and royalties, emphasizing how these investments generate ordinary income and how you may be able to use passive losses to offset such income.

- Leveraging 1031 Exchanges for Oil & Gas Investments: Our discussion covers how real estate investors can use 1031 exchanges to transition from property investments to oil and gas ventures, exploring the tax advantages and strategic benefits of such moves.

To become a client, request a consultation from Hall CPA, PLLC at www.therealestatecpa.com/podcast

Join Tax Smart Insiders Today:

www.taxsmartinvestors.com/insiders

Apply to join the Hall CPA team at www.therealestatecpa.com/careers

Follow Us On Social Media

Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa

Join our Facebook group: www.taxsmartinvestors.com/facebook

Subscribe to or weekly newsletter for more tax tips: newsletter.taxsmartinvestors.com/podcast

Follow Thomas: https://twitter.com/thomascastelli_

Follow Ryan: www.linkedin.com/in/ryancarriere/

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 should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.