Link: https://www.skool.com/taxes/classroom/ec6893ee?md=0ec9f00c7c714708a46d95b4c09ec2ab Key Takeaways: Tax Strategy 365 Q&A Year-End Planning Maximize your existing STR - Improvements and furnishings not captured last year go on this year’s return. They can be added to the depreciation schedule and accelerated. - Track mileage to and from the property, and keep a log in case of an audit. Vehicle purchase (Section 179 / bonus depreciation) - If the vehicle is used more than 50% for business or rental activity, the purchase can be written off whether financed or paid in cash. - Vehicles over 6,000 lbs (SUVs, trucks) have no cap on the accelerated deduction when used 100% for business. - Lighter vehicles (sedans) face a cap of about $21,000 this year. Hire your kids - Kids aged 9-10 and up can do real work (yard work, assembling furniture, errands, data entry) and be paid through a real payroll provider (Gusto or QuickBooks) from the rental account. - Run payroll before year-end and have the W-2 ready by January 31. - The earned income lets you open a child Roth IRA (up to $7,500, matched to income earned). The money can also cover sports, clothes, or tuition. Augusta Rule (IRC §280A(g)) - It’s not too late. Create a meeting agenda, invoice or transfer from the business to your personal account, and keep rentals to 14 days or fewer. - Do it through an LLC taxed as an S corporation, which pays the primary residence. Prepay what you can - Property taxes (some counties offer a ~4% discount for early payment), contractors, and other expenses in a high-income year. Backdoor Roth - It gives no deduction, but it moves money into tax-free growth. - Convert right after contributing so it doesn’t grow in between. - Watch the pro-rata rule: existing traditional IRA balances make the conversion partially taxable. Consider rolling those into a 401(k) first. - Work with your advisor.

Great discussion today around retirement account flexibility, 1031 or not, lending options, purchase option agreements and much more! See everyone next week on Friday 10AM CST

hi- I'm watching Ryan's video explaining his deal calculator but it's not downloadable. Can anyone attached it here for me? Thanks!!

Link: https://www.skool.com/taxes/classroom/ec6893ee?md=54b647be28dc4da6bd6ab4f66e59ab1f Key Takeaways: Cost Segregation Basics - Four levers drive the benefit: land value, purchase price, improvements, and your tax rate. Land can’t be depreciated, so a high land share can make a cost seg pointless. - Math example: Building basis = purchase price × ~80% (land is ~20% nationally) + 100% of improvements. About 20–40% of that is typically bonus-eligible. - Deductions offset income, not tax. A $72K deduction in the 22% bracket saves roughly $15K, not $72K. At 37%, $100K of bonus depreciation is worth $37K. - Tradeoff: Bonus depreciation creates recapture on sale. Strategies to manage it: 1031 exchange (though ~30% reportedly fail) or “defer, defer, die” (step-up in basis). - Debt doesn’t exist in tax world. Refinance proceeds aren’t income, loan paydown isn’t a deduction, and gain on sale is calculated without regard to debt. Software vs. Engineered Studies - Software studies: ~$800–$1,200 (the $950 quote discussed fits here). They use averages and algorithms, so they’re more conservative. - Engineered studies: ~$2,000–$5,000. They typically find more bonus depreciation. - Rule of thumb: At lower brackets (22%), a software study is the clear choice. At 37%, an engineered study may be worth it. Take specifics to your advisor. - Timing: No rush. A cost seg is only needed by filing, but allow a few months (target ~January) for the preparer and cost seg company. Offsetting Active Income - Short-term rental loophole (three pillars): average stay of 7 days or less, material participation, and no excessive personal use. - Real estate professional status (REPS): Allows losses from long-term or other rental real estate you materially participate in to offset active/business income. A house-flipping or wholesaling business can qualify. Short-term rentals technically aren’t “rental real estate,” which is why the loophole exists separately. - Time-tracking: Spreadsheet template provided; paid apps (REPS Tracker, REPS Log) or free ones (Toggl, Clockify) also work. - Other strategies mentioned: S corp, solo 401(k), HSA (with a high-deductible plan), oil and gas investments. Most strategies require capital. - Improvements decision: Add amenities if they’ll increase revenue and give a good ROI. Taxes are “the cherry on top,” never the sole reason.