73: Tom Wheelwright | New Tax Changes Affect Real Estate Investors | WealthAbility™ for CPAs

#73: Rich Dad Advisor Tom Wheelwright actually makes taxes fun! Tom advises us here in tax season about tax changes, presidential candidates' tax plans, 1031 Exchange, RE Professional designation. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week's show and learn: 01:20 To have something different, you need to do something different. 01:39 The five ways your paid as a real estate investor. 05:54 Tom Wheelwright interview begins. 07:02 Every RE Investor should know about the Section 179 and 263 deductions because we can make more write-offs in one year, instead of over a number of years. 11:07 What you can do if you're about to acquire property for the best tax advantages. 13:02 Is the 1031 Exchange going to disappear? Social Security tax cap. 16:15 The Carried Interest Rule. 18:30 Presidential candidates' tax proposals and promises. 24:25 A flat tax hurts RE investors. 24:50 Ordinary Income Tax rates vs. Capital Gains taxes. 26:10 How the Real Estate Professional designation helps you. 30:14 The best tax advisor firms are proactive. They anticipate. Resources: ProvisionWealth.com - Tom Wheelwright's tax and wealth strategy firm. Tax-Free Wealth book - Tom Wheelwright's great book, which Keith owns. RidgeLendingGroup.com or 1-855-74-RIDGE. Call them today. Why? They specialize in income property loans & can finance up to 35 rental properties for you. NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property. GetRichEducation.com - that's where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events. Download the GRE Android App at Google Play to keep the GRE icon right on your phone's home screen! Want a free GRE logo decal? We would be so grateful if you wrote a review! Here's how to write one at: iTunes, Stitcher, and Android. Send: 1) A screenshot of your review. 2) Your mailing address to: [email protected] We'll send you a GRE logo decal.

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This episode was published on March 4, 2016.

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