Anderson Business Advisors Podcast

Cost Segregation with Brett Hansen [Replay]

Listen Later

What possibilities are available when you own rental real estate? Different strategies are available to maximize tax benefits. For example, learn how to take advantage of a tax saving tool that saves you thousands of dollars each year. In this episode, Clint Coons is joined by Brett Hansen of Cost Segregation Authority to discuss such benefits associated with residential real estate investments. 

Highlights/Topics: 

  • When you buy property, you can depreciate it over time; Cost Segregation Authority accelerates depreciation to increase your expenses/lower your net taxable income
  • If you pay less tax to the IRS, save that money to increase your portfolio and invest in things that get a return; it’s not a deduction, but reduced amount of taxable income
  • Smart Tax Planning: Maximize depreciation deduction to reduce tax burden; re-classify assets of a property to identify components that can be depreciated faster
  • For assets that you didn’t capitalize on (up to 20 years), you can bring them forward into the next tax return via the Section 481(a) adjustment tax form 
  • CPA must understand value cost set to use cost segregation for residential property
  • Cost segregation studies meet IRS guidelines to protect clients from/during audits
  • Changes in Tax Laws: Bonus depreciation - no longer need to purchase new equipment and bonus percentage changed to 100%
  • Next Steps: To analyze your property, provide the total cost you paid for it, the year you purchased it, and the property’s address to get the projected benefit and associated cost 

    • Resources

    Cost Segregation Authority

    Brett Hansen’s Cell (801-884-8358)

    Section 481(a)

    Clint Coons

    Anderson Advisors

    Tax and Asset Protection Event

    ...more
    View all episodesView all episodes
    Download on the App Store
    Anderson Business Advisors PodcastBy AndersonAdvisors.com
    • 4.8
    • 4.8
    • 4.8
    • 4.8
    • 4.8

    4.8

    79 ratings

    More shows like Anderson Business Advisors Podcast

    View all
    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

    The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

    712 Listeners

    BiggerPockets Real Estate Podcast by BiggerPockets

    BiggerPockets Real Estate Podcast

    16,775 Listeners

    Real Wealth Show: Real Estate Investing Podcast by Kathy Fettke / RealWealth

    Real Wealth Show: Real Estate Investing Podcast

    400 Listeners

    Rental Income Podcast With Dan Lane by Rental Income Podcast

    Rental Income Podcast With Dan Lane

    825 Listeners

    Passive Real Estate Investing by Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

    Passive Real Estate Investing

    972 Listeners

    Main Street Business by Mark J Kohler and Mat Sorensen

    Main Street Business

    591 Listeners

    Lifetime Cash Flow Through Real Estate Investing by Rod Khleif

    Lifetime Cash Flow Through Real Estate Investing

    1,401 Listeners

    Tax Smart Real Estate Investors Podcast by Hall CPA

    Tax Smart Real Estate Investors Podcast

    412 Listeners

    The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

    The WealthAbility Show with Tom Wheelwright, CPA

    517 Listeners

    Real Estate Investing with Coach Carson by Chad Coach Carson

    Real Estate Investing with Coach Carson

    608 Listeners

    Ken McElroy Show by Ken McElroy

    Ken McElroy Show

    723 Listeners

    BiggerPockets Daily by BiggerPockets

    BiggerPockets Daily

    329 Listeners

    PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

    PassivePockets: The Passive Real Estate Investing Show

    137 Listeners

    On The Market by BiggerPockets

    On The Market

    900 Listeners

    The David Greene Show by David Greene

    The David Greene Show

    689 Listeners