Welcome to another episode of the Life Changing Money podcast where I’m spilling all my best real estate tax strategies for business owners like you, because pairing your business with property investing is a total game-changer. 

I couldn’t wait to tell you about my upcoming NYC retreat in June—two days of luxe, actionable fun to make you the authority in your field—and my one-and-only "Write Off Your Real Estate" masterclass on April 16th, packed with bonuses like a trusts course and a live session with me. I dove into how you can turn your home into a rental or use its equity to snag more properties, stacking up wealth while slashing taxes. I got nerdy with stuff like home office deductions and the self-rental election, showing how a $150,000 loss could save you $50,000-$75,000 on your tax bill. I also reminded you to depreciate everything in your rentals and write off that work truck—details that add up big time. Stick with me through this episode and the masterclass, because real estate’s the ultimate way to turn your revenue into riches, and I’m here to help you make it happen!

Tune in to uncover:

Introduction to Real Estate Tax Strategies (00:00:31:02 - 00:00:55:08)

• Barbara introduces real estate tax strategies for business owners, linking business ownership with investing, and previews upcoming events.

NYC Retreat Announcement (00:00:55:09 - 00:02:44:11)

• She announces a June NYC retreat to boost business authority with skills like social media and sales, touting its value vs. her $2,500 hourly rate.

Write Off Your Real Estate Masterclass (00:03:27:01 - 00:04:29:13)

• Barbara details her sole April 16th masterclass for "Write Off Your Real Estate," free for all investors, with bonuses like a trusts course.

Leveraging Existing Properties (00:05:38:00 - 00:07:26:16)

• She explains turning a personal residence into a rental or using equity (e.g., HELOC) to buy more properties, enhancing wealth and tax savings.

Home Office and Self-Rental Rules (00:07:41:05 - 00:10:01:20)

• Barbara covers home office deductions and the self-rental election, showing how a $150,000 loss from a $700,000 office can save $50,000-$75,000 in taxes.

Depreciation and Business Vehicles (00:10:48:06 - 00:13:31:10)

• She emphasizes depreciating rental assets and deducting business vehicles or mileage, urging listeners to track expenses diligently.

Why Real Estate Wins for Business Owners (00:13:56:17 - 00:15:00:11)

• Barbara highlights real estate’s tax savings, appreciation, and cash flow benefits, pushing the April 16th masterclass for deeper strategies.

How To Get Involved:

Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you.

Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits.

When she’s not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.

Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!

Do you have a burning question that you’d love to hear answered on a future show?

Please email it to: [email protected]

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