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Insider Tax Tips for Real Estate Investors (#001)


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Amanda Han, a tax expert from Keystone CPA. walks us through various tax deductions you can take when you invest in real estate. Amanda calls herself a “CPA by day and real estate investor by night” as her day job is running Keystone CPA, an accounting firm specializing in tax-saving strategies for real estate investors. When working with clients, Amanda often finds people missing out on opportunities to deduct expenses that are not precisely real estate but related to their company. car expenses, office supplies, home office expenses, and books related to their company are often missed. “You are in the business of real estate investing; from that perspective, any expense that you’re incurring that is reasonable for real estate could be a legitimate deduction.”

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Watch Selected Clips

Tax Deduction Tips for Real Estate Investors (001 1)

IRS Red Flag on Home Office Deductions (001 2)

Mortgage Interests vs Property Taxes (001 3)

Depreciation of Investment Properties (001 4)

Taxes on out of State Properties (001 5)

Cost Segregation (001 6)

Amanda Han - After Tax Real Estate vs Stocks and Bonds (001 7)

Amanda Han – What is a Professional Investor (001 8)

Podcast Description

Amanda Han, a tax expert from Keystone CPA. walks us through various tax deductions you can take when you invest in real estate. Amanda calls herself a “CPA by day and real estate investor by night” as her day job is running Keystone CPA, an accounting firm specializing in tax-saving strategies for real estate investors.  When working with clients, Amanda often finds people missing out on opportunities to deduct expenses that are not precisely real estate but related to their company car expenses, office supplies, home office expenses, and books related to their company are often missed. “You are in the business of real estate investing; from that perspective, any expense that you’re incurring that is reasonable for real estate could be a legitimate deduction.”

Her goal is to use real estate investing as a way to significantly reduce taxes for her clients. Many of her personal assets are long term holds, although she has many clients who are involved in flipping and wholesale selling.

Amanda is a third-generation real estate investor. Although her parents and grandparents were real estate investors, Amanda came into real estate investing via her CPA degree. After graduation, she was hired by a real estate firm and quickly realized the tax savings individuals would see when investing in real estate.

Listen in to find out what types of deductions you can take based on your investor status, how you can determine what you can deduct your write-offs against, what will raise the IRA red audit flag, and how you can legitimately claim your home office on your taxes. Learn the criteria to claim home office space on your taxes, common misnomers people make and the types of tax credits you can miss, and how depreciation works on your real estate tax return.

Listen to the Podcast

In This Episode:

  • [00:45] Amanda Han introduces herself and talks about her specialty niche.
  • [02:32] How Amanda became a CPA and became involved in real estate.
  • [03:53] Make sure to deduct your real estate expenses from your taxes and deductions which are often missed by individuals filing their taxes.
  • [05:38] Is having the status of professional investor versus passive investor give you an advantage on your tax deductions?
  • [08:09] When are you inviting an audit from the IRA on your taxes?
  • [11:21] Restrictions on writing off interest on loans in your realty investment portfolio.
  • [13:25] Using your residential home equity to purchase more real estate property.
  • [16:19] Depreciation and how you can use depreciation to your advantage during tax filing.
  • [20:27] How to write off property depreciation depending on different factors.
  • [22:57] Front-ending depreciation and how to accelerate depreciation deductions.
  • [25:59] Depreciation and recapture – which route should you take? [29:04] Owning properties in various states equates to filing taxes in all states you have property invested.
  • [34:34] What is the criteria you need to have to be considered a professional investor?
  • [38:48] How to prove your logs are legitimate with your records.
  • [41:34] Amanda talks about her new book and tools you can find online.
  • [43:15] Buying stocks and bonds versus real estate investment from a tax perspective.

Guest Bio

Amanda has over 18 years of experience as a CPA with special emphasis in real estate, self-directed investing, and individual tax planning with “Big Four” public accounting experience in the Lead Tax Group servicing clients in the real estate industry. Amanda has also served in the Corporate Tax Department for an international Fortune 500 Company in the high-tech industry and was responsible for quarterly provisions and various aspects of SEC reporting. She is experienced in working with international companies in terms of federal and multi-state tax planning, as well as audit representation and resolution.

Amanda is a frequent contributor and educator to some of the nation’s top investment companies and is a leading expert on retirement investing. Amanda’s cutting-edge tax strategies have been featured in prominent publications, including TIME Magazine Online, BiggerPockets.com, Realtor Magazine, and AllBusiness.com. She is certified by the CA State Board of Accountancy and is a member of the prestigious American Institute of Certified Public Accountants (AICPA) practicing in all 50 U.S. States.

Link & Resources

Eyes Wide Open Real Estate Investment on YouTube

Eyes Wide Open Investing

Keystone CPA on the web

Keystone CPA ebooks

Keystone CPA Tax Saving Tools

Contact Keystone CPA

Email Don Ganguly

Connect with Don Ganguly on LinkedIn.