Tax Planning for your Rentals

Sdílet
Vložit
  • čas přidán 14. 07. 2021
  • Get certified in ALL of my Tax Strategies: markjkohler.com/become-a-cert...
    Get your tickets to my BIGGEST event of the year: www.taxandlegal360.com/
    To get more details about my NEW certification: markjkohler.com/become-a-cert...
    Get My FREE Ultimate Tax Strategy Guide: markjkohler.com/contact/
    To Get Started With Any One of My Teams: linktr.ee/MJKCZcams
    I go LIVE almost every week...Don't forget to Subscribe and Hit that bell icon so you get a notification every time I upload a new video or go LIVE
    If you liked the video, please give it a "Thumbs up!" and please subscribe to see more!
    #markjkohler #matsorensen #MJK #markjkohlerlive #kkoslawyers #billionaire #savetaxes
    Follow me on Instagram, TikTok Facebook and Twitter @markjkohler
  • Zábava

Komentáře • 350

  • @joemjoza9803
    @joemjoza9803 Před 2 lety +109

    I’m a CPA with a masters in taxation and will say they don’t teach you this in school. This is all news to me 🤣. Way to go Mark!

  • @xperiencesaecm
    @xperiencesaecm Před 8 měsíci +6

    You have no idea how incredible it is that you offer this information. The in depth research and knowledge you have brought to the table in an hour is by far the best education I have received!!
    I look forward to your conference.
    Thank you sooooo much for putting this out here. Blessings to you for your fun, candid approach. And willingness to share. ❤

  • @ledoriagarrett8439
    @ledoriagarrett8439 Před 2 lety +15

    Was dead asleep...heard this man voice and thought I'll just turn the CZcams TV off. Nope my ears were trapped. The wealth of information/education Mark shouted was more than I learned in all my years in business school. I watched an just fell in love with his magic. Amazing job, I absolutely love this Show!!! I'm hooked.

  • @blakebondurant7663
    @blakebondurant7663 Před 3 lety +23

    This is the best shit on CZcams! I have all the books on audible! I watch everyone of your video at least 3 times. Love Matt also, y'all have helped me so much! Thank you

  • @tonyroush8273
    @tonyroush8273 Před rokem +4

    Powerful stuff! CRITICAL INFORMATION to understand about ASSET PROTECTION! Watch this all the way through. Mark is a God Send. Thank you so much brother. I truly appreciate that you shared this knowledge. Just purchased this book👍🏼

  • @mar-f7b
    @mar-f7b Před 2 lety +145

    THE CRYPTO AND FOREST TRADE CURRENCY MARKET HAS BEEN GOOD NEWS LATELY, MANY PEOPLE IN IT ARE SEEKING A GREAT RETURN INVESTING TO SECURE MORE PROFIT AND ENSURE SUCCESS

    • @mar-f7b
      @mar-f7b Před 2 lety

      I STARTED A MONTH AGO WITH THE HELP OF RAUL, JUST GOT MY 50K PROFIT

    • @mar-f7b
      @mar-f7b Před 2 lety +1

      TO REACH RAUL

    • @mar-f7b
      @mar-f7b Před 2 lety +1

      V!S!T HACKBYWORLD⓪COM

    • @mar-f7b
      @mar-f7b Před 2 lety +1

      ORTXT+1

    • @mar-f7b
      @mar-f7b Před 2 lety

      662

  • @pmstff700
    @pmstff700 Před 3 lety +3

    Thank you so much for putting this information out it was very helpful!

  • @ruchikadias
    @ruchikadias Před 2 lety

    Loved this video. Thank you for sharing all your wisdom, advice and strategies!!

  • @Melodystang
    @Melodystang Před 3 lety +9

    I’m a real estate broker and will say you are spot on!!! I have so many investors that I can share this with!! Thanks so much. I subscribed and thumbs up....

  • @ronkeobaro1647
    @ronkeobaro1647 Před 2 lety +3

    Mark! You are amazing🙏 Thx for all the impactful teachings🙏

  • @the23rdsubject
    @the23rdsubject Před 2 lety

    Just finding this video now! Thank you!! Amazing, and I really appreciate you getting right in to it! Subscribed/liked/and I hit that bell. Looking forward to the reads!

  • @oranuchchatsrinopakun1829

    First time on your CZcams and this is the best clip for real estate investor. Thank you!

  • @SinanDM
    @SinanDM Před 2 lety +2

    Loved the option #4 Grand Finale!!! Awesome asset protection structure!

  • @danielaubuchon5385
    @danielaubuchon5385 Před 2 lety +1

    Wow very impressive, and surprisingly for what would be a normally dry topic, very entertaining. Great job!

  • @stillhere007
    @stillhere007 Před 3 lety +9

    Thank you guys so much for pushing out this education!!! It is helping my family keep our deck of cards in order!!!

  • @hbpads
    @hbpads Před 3 lety +7

    Thx Mark. You validated my activity of forming a TN LLC to hold ownership of my Nashville Duplex, which is owned by my Trust. What I am not clear on is if I should form a CA LLC to hold ownership of my CA rentals since I am carryovering rental losses. I am told I will lose those losses if I change ownership.

  • @jennifersilletto179
    @jennifersilletto179 Před 4 měsíci

    This podcast had so many nuggets. I had questions about the series LLC and the COP was extra! I stayed until the end and glad I did because my questions got answered

  • @aryanasmith4426
    @aryanasmith4426 Před rokem

    I don't usually comment on videos but I couldn't stop myself from doing so here. Awesome content and an impressive one. Thank you so much.

  • @AlternativeHomesteading

    Thank you. This was very informative and easy to understand.

  • @justchilling_.
    @justchilling_. Před 2 lety

    Glad I found your channel. Thanks for helping.

  • @2videosilike
    @2videosilike Před 3 lety +1

    great video! thank you so much for doing this! It helps enormously!

  • @rickgaffey2575
    @rickgaffey2575 Před 3 lety +3

    You're awesome man. This was a great video. Learned a lot. Thanks for making it.

  • @phillipphu5937
    @phillipphu5937 Před 3 lety +2

    Great topic . Thanks alot Mark

  • @andreasnook4247
    @andreasnook4247 Před 3 lety +1

    Love all the info!!

  • @btrflyjohnson3452
    @btrflyjohnson3452 Před 2 lety +6

    I'm soooooo GLAD I found your channel!!
    👏👏👏👏
    I've owned my rental properties for many yrs and did not know any of this. My tax guy always told me it was passive incomes. Well it's the freaking hardest blood, sweat n tears past too many years of work I've ever put in ..Geeeze 🥵
    Is there a website or a step by step guide I can go to to set this all up the way it needs to be?

  • @albxdotcom
    @albxdotcom Před 3 lety +6

    I love his enthusiasm and his great advice

  • @homebaseincome101
    @homebaseincome101 Před 3 lety +6

    Lately, I've been watching you. I'm learning so much. When it's my time to become a S-corp, I'm coming to you.

  • @JondalartheZelendo
    @JondalartheZelendo Před 2 lety +7

    Mark your last example was amazing. I am brand new to your content, this vid has me hooked. Thank you for sharing your knowledge with the masses.

  • @marysouch6669
    @marysouch6669 Před 2 lety +1

    Thank You! Good stuff.

  • @davidstalings1226
    @davidstalings1226 Před 2 lety +1

    This was great and applied directly to me. Kristy on your team has been great for me.

  • @williamsronnie8282
    @williamsronnie8282 Před 3 lety +1

    Love your energy mark

  • @MsSoms
    @MsSoms Před 2 lety +4

    Just came across this and totally blew my mind!!

  • @lele2216
    @lele2216 Před 3 lety

    I'm new to all this but I love it.

  • @jesham7627
    @jesham7627 Před 3 lety +16

    Super hero for the ages! Answered so many of my current and future questions within this one show. Mark is truly saving American dreams of legacy!!! Thank you and your team for sharing all that you know and do!

  • @BlindtoBillionaire
    @BlindtoBillionaire Před 3 lety +20

    Another amazing video! I love all of your content, I’ve learned so much from you over the last few years that I’ve been following you. Thanks again, I called your office the other day to set up an appointment with you, they said you were not taking new clients! I was sad. LOL. Thanks again. Matt

    • @MarkJKohler
      @MarkJKohler  Před 3 lety +5

      I'm sorry! We are so crazy busy right now! All of our other attorneys are taking new clients and we do training meetings with them every week to ensure they know all of the strategies I teach on my CZcams. If you really need a consult, I am sure they will be able to help you!

    • @colemant6845
      @colemant6845 Před 3 lety +3

      @@MarkJKohler How do we contact one of your Trained attorneys? Not just a referral... one that follows your process. Your Website does not provide contact Phone No. or emails. Thanks

    • @MarkJKohler
      @MarkJKohler  Před 3 lety +5

      @Coleman T here is the number for my firm: 888-801-0010

    • @wendypitts7690
      @wendypitts7690 Před 2 lety

      @@colemant6845 yum I do uhhh IV bfEdiuuuuiiiu ant you to u you get ok k HGCuverw heuuu Ref GF TTS ygyy vGF C

    • @a.whitneyshea7235
      @a.whitneyshea7235 Před 2 lety

      Me toooo... 😩😉🤓 have you been able to find a firm that runs things similarly to MJK? Really needing to get our affairs in order and wanting to do it the right way!

  • @tonyroush8273
    @tonyroush8273 Před rokem +1

    THIS IS PURE GOLD!!!

  • @ScottJLetourneau
    @ScottJLetourneau Před 11 měsíci

    A great video loaded with key real estate tax and asset protection strategies!

  • @Zest4life890
    @Zest4life890 Před 2 lety

    Love everything you're saying

  • @danielbrown8777
    @danielbrown8777 Před 3 lety +2

    I have a lot of watching to do. Thank you so much for your time. For people like me.

  • @renycabral6108
    @renycabral6108 Před 2 lety +1

    Thank you!

  • @chrissteiger1392
    @chrissteiger1392 Před 2 lety

    Thanks for the informative presentation.

  • @iAmNormanJ
    @iAmNormanJ Před 2 lety +1

    We need a video on ECommerce stores. Specifically, being registered for sales and use tax in multiple states and the threshold when you file for each state. Dedicate a whole video to Ecommerce similar to this video. PLEASE!

  • @augustaphilando1964
    @augustaphilando1964 Před 9 měsíci

    new on your channel for the last few days love your site

  • @normalauder3119
    @normalauder3119 Před 2 lety

    Awesome and Awesome Plus!!!

  • @Verrilead
    @Verrilead Před rokem

    Mark - you are our national treasure!

  • @mbshawaii
    @mbshawaii Před 2 lety

    Incredible, wish I found you a couple years ago!

  • @21stcenturymuse27
    @21stcenturymuse27 Před 2 lety +1

    This was amazing

  • @MattyB414
    @MattyB414 Před 2 lety +3

    Hey Mark, when you talk about becoming a real estate professional as say my spouse... if we are already tracking our write offs in our bucket and my wife becomes a real estate professional after say our third property can we then take the losses bucket that year when she becomes a real estate professional from prior? Thanks!

  • @yvetteepstein1002
    @yvetteepstein1002 Před 2 lety

    awesome as always

  • @LL-kn1de
    @LL-kn1de Před 3 lety +5

    Wish I found your channel earlier. Learned a lot and thank you! We have a house. Can I start a LLC, and then rent from myself? Married an engineer 😁

  • @shamroonkhan1327
    @shamroonkhan1327 Před 3 lety +2

    Great information

  • @KidCity1985
    @KidCity1985 Před 2 lety +2

    I love this guy!

  • @migueldana9561
    @migueldana9561 Před 2 lety +2

    This is only getting better for me

  • @adolfosalmeron5519
    @adolfosalmeron5519 Před rokem

    Thank you thank you

  • @Triple-fe3fp
    @Triple-fe3fp Před 2 lety +4

    Triple Trifecta got action...! You are the man with the plan!🏄‍♂️

  • @sarryibrahim4241
    @sarryibrahim4241 Před 2 lety

    Hi Mark, can you please do a video/webinar on ROBS (roll over as business start ups)?

  • @estevanfinance8488
    @estevanfinance8488 Před 2 lety

    Mark you are my HERO

  • @baldavengr
    @baldavengr Před 2 lety

    How do you feel about using cost segregation for rehabbing property and spreading up deductions? What is better strategy?

  • @harrylove
    @harrylove Před 2 lety

    Talking taxes usually isn’t real exciting. The exception is, when it applies to you and you can save/make thousands!! Funny how that works. Thank you for the video!

  • @priscillaseigler6434
    @priscillaseigler6434 Před 2 lety

    Excellent information 👌

  • @jdseditor
    @jdseditor Před 3 lety +1

    Awesome!

  • @cherieswindell3373
    @cherieswindell3373 Před rokem

    So interesting! Thank you Mark.

  • @EVATUBE1
    @EVATUBE1 Před 3 lety +2

    how can i find out when you will have the next live stream with Q&A? Is there a schedule so i can plan ahead of time to attend?

  • @rd1ops1
    @rd1ops1 Před 2 lety

    To the bucket it goes

  • @dremac8900
    @dremac8900 Před 2 lety +1

    I want 20 of your books!!!💯

  • @allany27
    @allany27 Před 8 měsíci

    you are the best I love your strategies

  • @khpf881
    @khpf881 Před 2 lety +3

    Hi Mark, does the list of benefits for owning rentals apply to rental properties overseas as well?

  • @averybeasley7347
    @averybeasley7347 Před 3 lety

    Hey Mark, can you discuss the structure for a business to rent from the business owner? Is this possible?

  • @LC-gu2sc
    @LC-gu2sc Před 5 měsíci

    Thx you, you filled in many holes. Question, my attorney placed my house in the trust but did not place the rentals in the trust. It was designed to flow there upon death/ incapacity. Would you recommend this?

  • @georgesaid1695
    @georgesaid1695 Před 3 lety +1

    If I don’t have a W2 jobs, and I have a rental property that doesn’t have any mortgage anymore. Should I buy another rental and pay it off or should I take a mortgage on the new rental property? Thank you very much.

  • @lorinal5544
    @lorinal5544 Před rokem +1

    Thank you for sharing

  • @oscarnavarro4065
    @oscarnavarro4065 Před 2 lety +2

    Mark, you rock man!!!!
    If I put my rental under an LLC, can the mortgage company call the loan due?

  • @somochi3736
    @somochi3736 Před 3 lety +1

    So informative, not boring at all even the video is long. I want you to set me up.

    • @user-nn9kf8cj9w
      @user-nn9kf8cj9w Před 3 lety

      Thanks for your feedback,for more guidance and investments........
      What- s - app
      >+ 1 = 8 = 6 = 4 = 4 = 9 = 9 =3 = 8 = 6 = 5

  • @ambrosewanjala8843
    @ambrosewanjala8843 Před 3 lety +2

    Great strategy

  • @migueldana9561
    @migueldana9561 Před 2 lety +1

    Omg I love this Channel I want to say to all the folks here even if you were pay to get this information you can buy this information almost no one

  • @aftech7268
    @aftech7268 Před 2 lety +2

    We own 6 homes 4 being rental properties 3 overseas and 3 in the US how do we set up a living trust ?

  • @candecarro
    @candecarro Před 2 lety +1

    I see the good reasons WHY to have a Revokable Trust. But the HOW has never been explained to me.

  • @sjtola
    @sjtola Před 2 lety

    As a RE professional can you write off RE losses against short term capital gains from stocks or IRA distributions?

  • @KimikoMaui
    @KimikoMaui Před 2 lety +2

    Hi I am starting to get obsessed with ur shows but have fear starting out on some of ur info. I am a massage therpist and gig worker with door dash and rideshare. My husband gets base pay and tips and he does occasional gig work with apps. I heard u say something about scorp, k1 and w2 in another show.
    We are near closing on new home and I work out of home. We own another home that my mom lives in and a 17 year old.
    Can u please do a show for people like me please and let me no when it hits utube.

  • @AlexSanchez2254
    @AlexSanchez2254 Před 2 lety +1

    My heart dropped when he said Illinois LLC doesn’t protect you in case you get sued… thank god in learning from my man mark.

  • @johnlee9370
    @johnlee9370 Před 2 lety +1

    Great video! I have a question, I have one rental and one airbnb in different state, do I need LLC for each rental located in different states?

  • @RandomOccasionally
    @RandomOccasionally Před 2 lety

    Do you refer or suggest to invest money with other group? I don’t have enough money to buy any real state by my own! Thank you for respond 🙏🏼

  • @iAmNormanJ
    @iAmNormanJ Před 2 lety

    when you have a Virtual Assistant that works in your business that is a resident overseas, what is the form they need to fill out that you hold on too? is it the W-9???

  • @martingainty9623
    @martingainty9623 Před rokem

    Economic Opportunity Zone is the best advantage...stay put for 10 years and when you sell you keep ALL proceeds

  • @lloydfreeman1203
    @lloydfreeman1203 Před 2 lety

    I appreciate your knowledge,

  • @wst2516
    @wst2516 Před 3 lety

    Spouse #3... 😂 do one and add #3 in it... Morman's tax strat lolllll

  • @dremac8900
    @dremac8900 Před 2 lety +2

    From now on ima call you the "Rental God"🙌💪

  • @AK-pn7lf
    @AK-pn7lf Před 2 lety

    Hi Mark, great show, big fan, question, if I have an llc, and an account on which I'm selling goods on, let's say amazon, how can I save on taxes? The llc is under one person's name and located in Houston..

  • @stevelin1485
    @stevelin1485 Před 2 lety

    Great share with your knowledge. Will it be too late to setup Copes at Wyoming for California LLC. Please advise.

  • @tokenizegames
    @tokenizegames Před 3 lety

    how about discussing digital yields. instead of rental income. is the same thing right? one comes as insterest from digital assets, the other as return from a property.

  • @julieschnell1982
    @julieschnell1982 Před 3 lety

    Who do you recommend in Florida (like yourself) high positive energy with 20 years experience??

  • @julieschnell1982
    @julieschnell1982 Před 3 lety

    Is there any advantage to putting my rental into my Roth IRA? Or put it into my Living Trust under an LLC? After the LLC IS FORMED? Thank you.

  • @Zest4life890
    @Zest4life890 Před 2 lety

    Wish I had guidance from you years ago

  • @patricetankam3883
    @patricetankam3883 Před 3 lety +1

    Another great content Mark! What is the good move if you already have a couple of rentals without LLC and planning to buy more? Should you create the LLC now and add the two first rentals in the LLC? Thanks

  • @d.e.brenner2930
    @d.e.brenner2930 Před 2 lety

    where do the following go on either the Asset or operstiond didr?
    HSA,s 529bs, (stocks) brokerage accounts; all in assets of the tridecta?

  • @kamikamihahaha7688
    @kamikamihahaha7688 Před 2 lety

    What if I own rental properties as an individual and my husband is a realtor but does not have any ownership of my rentals. If we file as married jointly, can we deduct the depreciation from the rentals from my business income?

  • @crystalb6428
    @crystalb6428 Před 2 lety +1

    Can I just say I’m in love 🤣🤣❤️

  • @zonk1477
    @zonk1477 Před 3 lety +1

    What is this Section 408 (M)(3) loophole? I keep getting ads on your videos about it, can you do a video on it?

  • @alenaduberealtor9508
    @alenaduberealtor9508 Před 2 lety

    Amazing information. I'm firing my CPA

  • @barrellcooper6490
    @barrellcooper6490 Před 2 lety

    If I'm an investor in real estate and I make taxable passive income I don't have to pay social security taxes on the income. But if I'm the same situation I become a real estate professional won't I have to start paying social security tax etc.