Taxes are one thing that nobody can avoid, although many people do not fully understand the tax laws in place. Recently, there have been some important updates to the tax laws due to the 2018 Trump Tax Bill. As an investor, it is crucial to understand these laws in order to reap the maximum benefits. As your investment situation becomes more complicated, it may be beneficial for you to invest in an educated tax expert who specializes in real estate investments. CPA’s may give you sticker shock, but finding the right group will pay for itself many times over.
Our guest for today is Sergio Salas who is a partner at Armanino LLP and has more than 15 years of experience in public accounting. He focuses on serving the real estate industry, advising clients about their real estate transactions and deals, as well as their personal taxes. Sergio is also a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. He received a bachelors degree in accounting from the University of Notre Dame and a masters degree in business taxation from the USC.
Today we are going to discuss…
- Cost segregation, operating loss deductions, and pass-through deductions
- 1031 and 721 Exchange (UPREIT) which allows people to 1031 into a fund
- Opportunity Zones which have the potential to allow you to defer paying capital gains in any asset class until 2026
Learn more about our guest: