Discover the irony of starting a real estate business with less than $2,000, and how tracking your basis can help you keep more money in your pocket come tax season.

In this episode, you will be able to:

• Recognize the crucial role of basis in strengthening real estate and business foundations.
• Familiarize yourself with the concept of basis and its correlation with tax estimations.
• Examine the part of initial costs and personal expenses in formulating basis.
• Acquire the skill to manage basis for assets while factoring in earnings and outlays.
• Capitalize on tax preparation professionals to evade audit prompts and enjoy maximal returns.

"Understanding basis is the key to building a successful business."  – Jeff Hockett 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

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