EP011 - How Bonus Deprecation Impacts Paper Losses & Asset Prices with Thomas Castelli

Host: Casey SilveriaGuest: Thomas CastelliThomas Castelli, CPA is a Tax Strategist and real estate investor, who helps other real estate investors keep more of their hard-earned dollars in their pockets and out of the government.Taxes are some of the biggest headaches you will ever have as a real estate investor. How do you keep more of your hard-earned dollars in your pockets and out of the government’s? The Real Estate CPA can help you with that, as one of the firm’s partners, Thomas Castelli so explicitly explains in this conversation with Chris Larsen. Thomas is a tax strategist and real estate investor whose real-life real estate investing experience, combined with his ever-growing arsenal of hard-hitting tax strategies, allows him to see eye-to-eye with clients in ways an average CPA never could. Listen in as Thomas discusses what tax strategy will look like under the new administration and how you can position yourself favourably in the current real estate market.Connect with Thomas:Twitter: @thomascastelli_Instagram: @thomascastellicpaFacebook: https://www.facebook.com/group....s/taxsmartinvestorsW with Farmers Capital Group: https://farmerscapitalgroup.com/Invest with us: https://farmerscapitalgroup.com/join/Socials: https://linktr.ee/caseysilveriaLinkedIn: https://www.linkedin.comYouTube: https://www.youtube.comShow notes:00:50 His CPA to Real Estate story2:35 Thomas shared their firm’s strategy for passive investors especially on 3 and 5-year exit8:56 How to propose to clients when it’s time to sell certain assets15:30 Mechanics of new law when it comes to bonus depreciation18:56 Dollar-Cost Averaging in Syndications20:00 General mentality in bonus depreciation26:46 “Don’t let the tax tail waves the door”31:00 Wrap up