How to Pay ZERO Taxes on Real Estate Profits w/Income Shifting

Want to know how to pay zero taxes on your real estate investments? Let us introduce you to the wonderful world of income shifting. When you “shift” your profits, you reduce your taxable income while keeping your wealth. But, you have to be sure you’re doing this in a legal and recorded way, so you can continue to benefit from real estate’s excellent tax benefits while staying completely up to code!

To share five of the best ways to reduce your taxable income, Amanda Han and Matt MacFarland from Keystone CPA have joined us once again. Today, they walk through the five most popular ways real estate investors specifically can shelter their wealth from taxes all while continuing to grow their portfolio. If you were hit with a high tax bill this year, it may be a great time to incorporate some of these tax-saving strategies!

Are you taking advantage of any of these strategies to reduce your taxable income? Did we miss any big ones on our list? Let us know in the comments below!

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Check out Last Week’s Episode on The Best Entity for Real Estate Investing:

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6 Ways to Reduce Your Taxable Income:

6 Ways to Reduce Your Taxable Income with Eric Brotman

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How to Swap ‘Til You Drop:

Swap ‘Til You Drop: Multifamily Tax Avoidance Tips from Closing Table to Inheritance

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A New Way to Reduce Taxes on Rental Income:

Tax Reform Update: A New Way to Reduce Taxes on Rental Income

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Work with Keystone CPA on Your 2022 Taxes:
https://www.keystonecpa.com/
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Connect with Amanda and Matt on BiggerPockets:
Amanda: https://www.biggerpockets.com/users/keystonecpa?utm_source=youtube&utm_medium=description&utm_campaign=none
Matt: https://www.biggerpockets.com/users/macfarland?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Income Shifting to Reduce Your Taxes
00:23 1. To Family Members
01:10 2. To Corporations
01:53 3. To a Different Tax Year
02:13 4. To an Indefinite Date
02:37 5. To…Never?
03:12 BONUS Tip: Swap ‘Til You Drop!