28 Apr CREPN # 90 – Real Estate Investor Classification with Patrick Camuso
A Real Estate Investor must chose an investor classification from three allowable classes. Each class provides certain benefits and requirements that should be considered when determining the best tax strategy. [x_audio_embed][/x_audio_embed] One of the often cited benefits for investing in real estate is the tax treatment. Investors are able to expense, interest payments, operating expenses, capital improvements and depreciation. Depreciation is an accounting expense that is realized when filing and paying income taxes. Expenses lower the taxable income, benefiting the real estate investor taxpayer with a lower tax obligation.