100% Bonus Depreciation Coming Back? (DON'T File Until You Watch)

Episode #187

The biggest real estate tax deduction is coming back. That’s right—100% bonus depreciation is almost cleared for a triumphant return as the House pushed a new tax bill to the Senate, one that includes some massive tax deduction potential for real estate investors and everyday Americans alike. So, why is this SUCH a big deal? We’ve got Brandon Hall, CPA, on to break down why bonus depreciation could save you tens, if not hundreds, of thousands of dollars.

Everyone knows that real estate boasts some of the best tax benefits of any investment in the nation. But, the one tax benefit to rule them all is almost always depreciation. This tax write-off lets you expense a portion of your property every year and can turn your real-life gain into a paper loss, so you keep your cash flow while avoiding taxes. But bonus depreciation is like regular depreciation on steroids. And the tax benefits can be massive.

So, how do you take advantage of this huge tax write-off? What do you need to know BEFORE you take it? And should you hold off on filing before this new bill passes? We’ve got answers to all that and much more in this episode, so stick around!

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What Is Bonus Depreciation And How Does It Work?
https://www.biggerpockets.com/blog/bo...
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What is Rental Property Depreciation & How to Calculate It:
https://www.biggerpockets.com/blog/be...
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The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of w/Brandon Hall:
https://www.biggerpockets.com/blog/on...
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Connect with Brandon:
BiggerPockets: https://www.biggerpockets.com/users/b...
LinkedIn:   / brandonhallcpa  
Website: www.therealestatecpa.com
X/Twitter: @bhallcpa or   / bhallcpa  
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Show notes at: https://link.chtbl.com/OTM


00:00 Intro

02:27 Depreciation Explained

07:17 What is Bonus Depreciation?

09:10 The BIG Downside of Depreciation

14:11 Tax Loopholes and Writing Off Your Income

19:28 100% Bonus Depreciation Coming Back?

25:24 More Good News?

27:23 What Investors Should Know

31:13 Get Your Taxes Right!