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WS1966 Real Estate Tax Tips | Highlights Kelsey Head

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Manage episode 405447078 series 2462404
Content provided by Whitney Sewell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Whitney Sewell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Looking to invest in real estate syndications but worried about the tax implications? In this highlight episode, tax expert Kelsey Head tackles your most pressing tax questions, equipping you to confidently navigate the world of K-1s, passive losses, and state filings.
Kelsey emphasizes the importance of reviewing your K-1 forms promptly and thoroughly. She walks you through essential checks, including verifying your name, address, social security number, and tax ID information. Additionally, she highlights the importance of ensuring contributions and distributions match your records.
3 Key Takeaways You'll Learn:

  • K-1 Review Essentials: Avoid last-minute scrambling by learning to identify and verify crucial information on your K-1 tax forms.
  • Passive Loss Strategies: Understand how passive losses from real estate syndications can be carried forward to offset future capital gains.
  • When to Hire a Tax Pro: Know when seeking professional tax guidance is essential for your real estate investments.

Even if you invest outside your resident state, filing state taxes there is crucial. This allows you to utilize any losses against future gains in that state. Stay informed and make smarter investment decisions!
Subscribe to The Real Estate Syndication Show for more insightful episodes on real estate syndication and wealth-building strategies.

VISIT OUR WEBSITE
https://lifebridgecapital.com/

Here are ways you can work with us here at Life Bridge Capital:
⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc
⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
📝 JOIN THE DISCUSSION
https://www.facebook.com/groups/realestatesyndication

➡️ FOLLOW US
https://twitter.com/whitney_sewell
https://www.instagram.com/whitneysewell/
https://www.linkedin.com/in/whitney-sewell/

⭐ Be Our Guest!
We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over.
Apply here: https://lifebridgecapital.com/join-our-podcast/

  continue reading

2055 episoade

Artwork
iconDistribuie
 
Manage episode 405447078 series 2462404
Content provided by Whitney Sewell. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Whitney Sewell or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Looking to invest in real estate syndications but worried about the tax implications? In this highlight episode, tax expert Kelsey Head tackles your most pressing tax questions, equipping you to confidently navigate the world of K-1s, passive losses, and state filings.
Kelsey emphasizes the importance of reviewing your K-1 forms promptly and thoroughly. She walks you through essential checks, including verifying your name, address, social security number, and tax ID information. Additionally, she highlights the importance of ensuring contributions and distributions match your records.
3 Key Takeaways You'll Learn:

  • K-1 Review Essentials: Avoid last-minute scrambling by learning to identify and verify crucial information on your K-1 tax forms.
  • Passive Loss Strategies: Understand how passive losses from real estate syndications can be carried forward to offset future capital gains.
  • When to Hire a Tax Pro: Know when seeking professional tax guidance is essential for your real estate investments.

Even if you invest outside your resident state, filing state taxes there is crucial. This allows you to utilize any losses against future gains in that state. Stay informed and make smarter investment decisions!
Subscribe to The Real Estate Syndication Show for more insightful episodes on real estate syndication and wealth-building strategies.

VISIT OUR WEBSITE
https://lifebridgecapital.com/

Here are ways you can work with us here at Life Bridge Capital:
⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc
⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow
📝 JOIN THE DISCUSSION
https://www.facebook.com/groups/realestatesyndication

➡️ FOLLOW US
https://twitter.com/whitney_sewell
https://www.instagram.com/whitneysewell/
https://www.linkedin.com/in/whitney-sewell/

⭐ Be Our Guest!
We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over.
Apply here: https://lifebridgecapital.com/join-our-podcast/

  continue reading

2055 episoade

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