Tax Planning for your Rentals

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  • Опубликовано: 16 окт 2024
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Комментарии • 358

  • @joemjoza9803
    @joemjoza9803 3 года назад +110

    I’m a CPA with a masters in taxation and will say they don’t teach you this in school. This is all news to me 🤣. Way to go Mark!

  • @ledoriagarrett8439
    @ledoriagarrett8439 2 года назад +15

    Was dead asleep...heard this man voice and thought I'll just turn the RUclips TV off. Nope my ears were trapped. The wealth of information/education Mark shouted was more than I learned in all my years in business school. I watched an just fell in love with his magic. Amazing job, I absolutely love this Show!!! I'm hooked.

  • @xperiencesaecm
    @xperiencesaecm 11 месяцев назад +6

    You have no idea how incredible it is that you offer this information. The in depth research and knowledge you have brought to the table in an hour is by far the best education I have received!!
    I look forward to your conference.
    Thank you sooooo much for putting this out here. Blessings to you for your fun, candid approach. And willingness to share. ❤

  • @blakebondurant7663
    @blakebondurant7663 3 года назад +23

    This is the best shit on RUclips! I have all the books on audible! I watch everyone of your video at least 3 times. Love Matt also, y'all have helped me so much! Thank you

  • @tonyroush8273
    @tonyroush8273 Год назад +4

    Powerful stuff! CRITICAL INFORMATION to understand about ASSET PROTECTION! Watch this all the way through. Mark is a God Send. Thank you so much brother. I truly appreciate that you shared this knowledge. Just purchased this book👍🏼

  • @Melodystang
    @Melodystang 3 года назад +9

    I’m a real estate broker and will say you are spot on!!! I have so many investors that I can share this with!! Thanks so much. I subscribed and thumbs up....

  • @BlindtoBillionaire
    @BlindtoBillionaire 3 года назад +20

    Another amazing video! I love all of your content, I’ve learned so much from you over the last few years that I’ve been following you. Thanks again, I called your office the other day to set up an appointment with you, they said you were not taking new clients! I was sad. LOL. Thanks again. Matt

    • @MarkJKohler
      @MarkJKohler  3 года назад +5

      I'm sorry! We are so crazy busy right now! All of our other attorneys are taking new clients and we do training meetings with them every week to ensure they know all of the strategies I teach on my RUclips. If you really need a consult, I am sure they will be able to help you!

    • @colemant6845
      @colemant6845 3 года назад +3

      @@MarkJKohler How do we contact one of your Trained attorneys? Not just a referral... one that follows your process. Your Website does not provide contact Phone No. or emails. Thanks

    • @MarkJKohler
      @MarkJKohler  3 года назад +5

      @Coleman T here is the number for my firm: 888-801-0010

    • @wendypitts7690
      @wendypitts7690 3 года назад

      @@colemant6845 yum I do uhhh IV bfEdiuuuuiiiu ant you to u you get ok k HGCuverw heuuu Ref GF TTS ygyy vGF C

    • @a.whitneyshea7235
      @a.whitneyshea7235 2 года назад

      Me toooo... 😩😉🤓 have you been able to find a firm that runs things similarly to MJK? Really needing to get our affairs in order and wanting to do it the right way!

  • @ronkeobaro1647
    @ronkeobaro1647 2 года назад +3

    Mark! You are amazing🙏 Thx for all the impactful teachings🙏

  • @homebaseincome101
    @homebaseincome101 3 года назад +6

    Lately, I've been watching you. I'm learning so much. When it's my time to become a S-corp, I'm coming to you.

  • @btrflyjohnson3452
    @btrflyjohnson3452 2 года назад +6

    I'm soooooo GLAD I found your channel!!
    👏👏👏👏
    I've owned my rental properties for many yrs and did not know any of this. My tax guy always told me it was passive incomes. Well it's the freaking hardest blood, sweat n tears past too many years of work I've ever put in ..Geeeze 🥵
    Is there a website or a step by step guide I can go to to set this all up the way it needs to be?

  • @albxdotcom
    @albxdotcom 3 года назад +6

    I love his enthusiasm and his great advice

  • @hbpads
    @hbpads 3 года назад +7

    Thx Mark. You validated my activity of forming a TN LLC to hold ownership of my Nashville Duplex, which is owned by my Trust. What I am not clear on is if I should form a CA LLC to hold ownership of my CA rentals since I am carryovering rental losses. I am told I will lose those losses if I change ownership.

  • @jesham7627
    @jesham7627 3 года назад +16

    Super hero for the ages! Answered so many of my current and future questions within this one show. Mark is truly saving American dreams of legacy!!! Thank you and your team for sharing all that you know and do!

  • @JondalartheZelendo
    @JondalartheZelendo 3 года назад +7

    Mark your last example was amazing. I am brand new to your content, this vid has me hooked. Thank you for sharing your knowledge with the masses.

  • @tonyroush8273
    @tonyroush8273 Год назад +1

    THIS IS PURE GOLD!!!

  • @SinanDM
    @SinanDM 3 года назад +2

    Loved the option #4 Grand Finale!!! Awesome asset protection structure!

  • @pmstff700
    @pmstff700 3 года назад +3

    Thank you so much for putting this information out it was very helpful!

  • @stillhere007
    @stillhere007 3 года назад +9

    Thank you guys so much for pushing out this education!!! It is helping my family keep our deck of cards in order!!!

  • @jennifersilletto179
    @jennifersilletto179 6 месяцев назад

    This podcast had so many nuggets. I had questions about the series LLC and the COP was extra! I stayed until the end and glad I did because my questions got answered

  • @MsSoms
    @MsSoms 3 года назад +4

    Just came across this and totally blew my mind!!

  • @Verrilead
    @Verrilead Год назад

    Mark - you are our national treasure!

  • @phillipphu5937
    @phillipphu5937 3 года назад +2

    Great topic . Thanks alot Mark

  • @the23rdsubject
    @the23rdsubject 2 года назад

    Just finding this video now! Thank you!! Amazing, and I really appreciate you getting right in to it! Subscribed/liked/and I hit that bell. Looking forward to the reads!

  • @Triple-fe3fp
    @Triple-fe3fp 3 года назад +4

    Triple Trifecta got action...! You are the man with the plan!🏄‍♂️

  • @aryanasmith4426
    @aryanasmith4426 Год назад

    I don't usually comment on videos but I couldn't stop myself from doing so here. Awesome content and an impressive one. Thank you so much.

  • @davidstalings1226
    @davidstalings1226 3 года назад +1

    This was great and applied directly to me. Kristy on your team has been great for me.

  • @danielaubuchon5385
    @danielaubuchon5385 3 года назад +1

    Wow very impressive, and surprisingly for what would be a normally dry topic, very entertaining. Great job!

  • @justchilling_.
    @justchilling_. 2 года назад

    Glad I found your channel. Thanks for helping.

  • @iAmNormanJ
    @iAmNormanJ 2 года назад +1

    We need a video on ECommerce stores. Specifically, being registered for sales and use tax in multiple states and the threshold when you file for each state. Dedicate a whole video to Ecommerce similar to this video. PLEASE!

  • @migueldana9561
    @migueldana9561 3 года назад +2

    This is only getting better for me

  • @oranuchchatsrinopakun1829
    @oranuchchatsrinopakun1829 3 года назад

    First time on your RUclips and this is the best clip for real estate investor. Thank you!

  • @rickgaffey2575
    @rickgaffey2575 3 года назад +3

    You're awesome man. This was a great video. Learned a lot. Thanks for making it.

  • @marysouch6669
    @marysouch6669 2 года назад +1

    Thank You! Good stuff.

  • @AlternativeHomesteading
    @AlternativeHomesteading 2 года назад

    Thank you. This was very informative and easy to understand.

  • @mar-f7b
    @mar-f7b 3 года назад +145

    THE CRYPTO AND FOREST TRADE CURRENCY MARKET HAS BEEN GOOD NEWS LATELY, MANY PEOPLE IN IT ARE SEEKING A GREAT RETURN INVESTING TO SECURE MORE PROFIT AND ENSURE SUCCESS

    • @mar-f7b
      @mar-f7b 3 года назад

      I STARTED A MONTH AGO WITH THE HELP OF RAUL, JUST GOT MY 50K PROFIT

    • @mar-f7b
      @mar-f7b 3 года назад +1

      TO REACH RAUL

    • @mar-f7b
      @mar-f7b 3 года назад +1

      V!S!T HACKBYWORLD⓪COM

    • @mar-f7b
      @mar-f7b 3 года назад +1

      ORTXT+1

    • @mar-f7b
      @mar-f7b 3 года назад

      662

  • @KidCity1985
    @KidCity1985 2 года назад +2

    I love this guy!

  • @LL-kn1de
    @LL-kn1de 3 года назад +5

    Wish I found your channel earlier. Learned a lot and thank you! We have a house. Can I start a LLC, and then rent from myself? Married an engineer 😁

  • @dremac8900
    @dremac8900 2 года назад +1

    I want 20 of your books!!!💯

  • @augustaphilando1964
    @augustaphilando1964 11 месяцев назад

    new on your channel for the last few days love your site

  • @dremac8900
    @dremac8900 2 года назад +2

    From now on ima call you the "Rental God"🙌💪

  • @2videosilike
    @2videosilike 3 года назад +1

    great video! thank you so much for doing this! It helps enormously!

  • @somochi3736
    @somochi3736 3 года назад +1

    So informative, not boring at all even the video is long. I want you to set me up.

    • @PìnnedbyStockMòe-v5l
      @PìnnedbyStockMòe-v5l 3 года назад

      Thanks for your feedback,for more guidance and investments........
      What- s - app
      >+ 1 = 8 = 6 = 4 = 4 = 9 = 9 =3 = 8 = 6 = 5

  • @mbshawaii
    @mbshawaii 2 года назад

    Incredible, wish I found you a couple years ago!

  • @MattyB414
    @MattyB414 2 года назад +3

    Hey Mark, when you talk about becoming a real estate professional as say my spouse... if we are already tracking our write offs in our bucket and my wife becomes a real estate professional after say our third property can we then take the losses bucket that year when she becomes a real estate professional from prior? Thanks!

  • @williamsronnie8282
    @williamsronnie8282 3 года назад +1

    Love your energy mark

  • @ScottJLetourneau
    @ScottJLetourneau Год назад

    A great video loaded with key real estate tax and asset protection strategies!

  • @ruchikadias
    @ruchikadias 3 года назад

    Loved this video. Thank you for sharing all your wisdom, advice and strategies!!

  • @harrylove
    @harrylove 2 года назад

    Talking taxes usually isn’t real exciting. The exception is, when it applies to you and you can save/make thousands!! Funny how that works. Thank you for the video!

  • @sarryibrahim4241
    @sarryibrahim4241 2 года назад

    Hi Mark, can you please do a video/webinar on ROBS (roll over as business start ups)?

  • @andreasnook4247
    @andreasnook4247 3 года назад +1

    Love all the info!!

  • @estevanfinance8488
    @estevanfinance8488 2 года назад

    Mark you are my HERO

  • @lele2216
    @lele2216 3 года назад

    I'm new to all this but I love it.

  • @danielbrown8777
    @danielbrown8777 3 года назад +2

    I have a lot of watching to do. Thank you so much for your time. For people like me.

  • @normalauder3119
    @normalauder3119 2 года назад

    Awesome and Awesome Plus!!!

  • @oscarnavarro4065
    @oscarnavarro4065 2 года назад +2

    Mark, you rock man!!!!
    If I put my rental under an LLC, can the mortgage company call the loan due?

  • @chrissteiger1392
    @chrissteiger1392 2 года назад

    Thanks for the informative presentation.

  • @shamroonkhan1327
    @shamroonkhan1327 3 года назад +2

    Great information

  • @lorinal5544
    @lorinal5544 2 года назад +1

    Thank you for sharing

  • @renycabral6108
    @renycabral6108 3 года назад +1

    Thank you!

  • @alexandrakolkunova4383
    @alexandrakolkunova4383 3 года назад +2

    Love your content. I want to purchase your bundle and have a question: does it include Quickbooks videos? I understand you are working on a new version of it, but does it include the old one? And when approximatelly the new one will be ready?

  • @LeeG260
    @LeeG260 2 года назад

    All 4 scenarios plus the bonus were excellent!! Has COP changed for Texas?

  • @21stcenturymuse27
    @21stcenturymuse27 3 года назад +1

    This was amazing

  • @titozerpa
    @titozerpa 3 года назад +4

    Hello Mark, one again great video, i wanted to ask you something. If you buy crypto let’s say 20k in Btc @ 15k and the goes up to 30k, if you sell the initial 20k and leave the rest in Btc. How would it work the capital gains if i just sold the same amount i invest? Thank you for the great info you provide!!!

    • @sdr2d2
      @sdr2d2 2 года назад

      still considered capital gain.The fact that you only sell a portion of what you bought doesn't make any difference. You still have to report how much you bought that portion and how much you sold that portion and deal with the tax consequences of that gain.

  • @Zest4life890
    @Zest4life890 2 года назад

    Love everything you're saying

  • @aftech7268
    @aftech7268 2 года назад +2

    We own 6 homes 4 being rental properties 3 overseas and 3 in the US how do we set up a living trust ?

  • @rd1ops1
    @rd1ops1 2 года назад

    To the bucket it goes

  • @khpf881
    @khpf881 2 года назад +3

    Hi Mark, does the list of benefits for owning rentals apply to rental properties overseas as well?

  • @yvetteepstein1002
    @yvetteepstein1002 2 года назад

    awesome as always

  • @EVATUBE1
    @EVATUBE1 3 года назад +2

    how can i find out when you will have the next live stream with Q&A? Is there a schedule so i can plan ahead of time to attend?

  • @candecarro
    @candecarro 3 года назад +1

    I see the good reasons WHY to have a Revokable Trust. But the HOW has never been explained to me.

  • @AlexSanchez2254
    @AlexSanchez2254 3 года назад +1

    My heart dropped when he said Illinois LLC doesn’t protect you in case you get sued… thank god in learning from my man mark.

  • @RandomOccasionally
    @RandomOccasionally 2 года назад

    Do you refer or suggest to invest money with other group? I don’t have enough money to buy any real state by my own! Thank you for respond 🙏🏼

  • @patricetankam3883
    @patricetankam3883 3 года назад +1

    Another great content Mark! What is the good move if you already have a couple of rentals without LLC and planning to buy more? Should you create the LLC now and add the two first rentals in the LLC? Thanks

  • @georgesaid1695
    @georgesaid1695 3 года назад +1

    If I don’t have a W2 jobs, and I have a rental property that doesn’t have any mortgage anymore. Should I buy another rental and pay it off or should I take a mortgage on the new rental property? Thank you very much.

  • @ambrosewanjala8843
    @ambrosewanjala8843 3 года назад +2

    Great strategy

  • @coraagatep3262
    @coraagatep3262 2 года назад +1

    First time owner of rental property. What are the rite off for condo rental? I have W2, etc. Is it really a wise investment?

  • @LC-gu2sc
    @LC-gu2sc 8 месяцев назад

    Thx you, you filled in many holes. Question, my attorney placed my house in the trust but did not place the rentals in the trust. It was designed to flow there upon death/ incapacity. Would you recommend this?

  • @cherieswindell3373
    @cherieswindell3373 Год назад

    So interesting! Thank you Mark.

  • @adolfosalmeron5519
    @adolfosalmeron5519 2 года назад

    Thank you thank you

  • @alenaduberealtor9508
    @alenaduberealtor9508 2 года назад

    Amazing information. I'm firing my CPA

  • @zonk1477
    @zonk1477 3 года назад +1

    What is this Section 408 (M)(3) loophole? I keep getting ads on your videos about it, can you do a video on it?

  • @mike2959
    @mike2959 Месяц назад

    Side note. If you are a “real estate professional” you have in the eyes of the IRS changed your passive income to active income. Which means yes you can use it to offset the wife active w2 taxes BUT your active income is subject to self employment taxes now. If you report a profit of course lol.

  • @martingainty9623
    @martingainty9623 Год назад

    Economic Opportunity Zone is the best advantage...stay put for 10 years and when you sell you keep ALL proceeds

  • @priscillaseigler6434
    @priscillaseigler6434 2 года назад

    Excellent information 👌

  • @migueldana9561
    @migueldana9561 3 года назад +1

    Omg I love this Channel I want to say to all the folks here even if you were pay to get this information you can buy this information almost no one

  • @KimikoMaui
    @KimikoMaui 2 года назад +2

    Hi I am starting to get obsessed with ur shows but have fear starting out on some of ur info. I am a massage therpist and gig worker with door dash and rideshare. My husband gets base pay and tips and he does occasional gig work with apps. I heard u say something about scorp, k1 and w2 in another show.
    We are near closing on new home and I work out of home. We own another home that my mom lives in and a 17 year old.
    Can u please do a show for people like me please and let me no when it hits utube.

  • @prathimadeshpande
    @prathimadeshpande 3 года назад +1

    Hello I am from Texas

  • @baldavengr
    @baldavengr 3 года назад

    How do you feel about using cost segregation for rehabbing property and spreading up deductions? What is better strategy?

  • @johnlee9370
    @johnlee9370 2 года назад +1

    Great video! I have a question, I have one rental and one airbnb in different state, do I need LLC for each rental located in different states?

  • @allany27
    @allany27 10 месяцев назад

    you are the best I love your strategies

  • @d.s.5807
    @d.s.5807 2 года назад

    Not a single property I own loses money because I bought them at low prices. I profit a ton on my real estate even after all of the deductions, depreciation, Interest to the bank, travel, gas, you name it if I can I deduct it yet I still make over $100K with 2 properties

  • @stevelin1485
    @stevelin1485 2 года назад

    Great share with your knowledge. Will it be too late to setup Copes at Wyoming for California LLC. Please advise.

  • @crystalb6428
    @crystalb6428 2 года назад +1

    Can I just say I’m in love 🤣🤣❤️

  • @Zest4life890
    @Zest4life890 2 года назад

    Wish I had guidance from you years ago

  • @joboo7112
    @joboo7112 Год назад +1

    I am want a book.

  • @wst2516
    @wst2516 3 года назад

    Spouse #3... 😂 do one and add #3 in it... Morman's tax strat lolllll

  • @averybeasley7347
    @averybeasley7347 3 года назад

    Hey Mark, can you discuss the structure for a business to rent from the business owner? Is this possible?

  • @Melodystang
    @Melodystang 3 года назад +1

    I need to share this with my cpa. I did start a 401 k solo this year maxing it out at step up 62,000. because I have sold 21 mil in Florida this year!!! I am single and have a partner I have as a 1099 consultant. Can I still back door Roth 7000? I’m going be 60 this year

  • @sjtola
    @sjtola 2 года назад

    As a RE professional can you write off RE losses against short term capital gains from stocks or IRA distributions?

  • @barrellcooper6490
    @barrellcooper6490 3 года назад

    If I'm an investor in real estate and I make taxable passive income I don't have to pay social security taxes on the income. But if I'm the same situation I become a real estate professional won't I have to start paying social security tax etc.