#75 - Unlocking Tax Savings: Real Estate Strategies for High-Income Pilots

Passive Income Pilots

Welcome back to Passive Income Pilots! This week, Tait and Ryan are joined by Brandon Hall, a top CPA and founder of Hall CPA, PLLC, to dive into one of the most powerful tax strategies for high-income professionals: real estate professional status. With over 800 clients and a specialization in real estate tax strategies, Brandon breaks down the benefits, nuances, and how pilots can leverage this loophole to minimize taxes and maximize wealth. Whether you're a seasoned investor or just curious, this episode is packed with insights you don’t want to miss!

Brandon Hall is a leading CPA and the founder of Hall CPA PLLC, known as The Real Estate CPA. With a national client base of over 800 real estate investors and firms, Brandon specializes in optimizing tax strategies for real estate professionals. He’s also a recognized speaker and coach in the CPA world, helping other firms refine their business models. Brandon joins Tait and Ryan to share his expertise in real estate tax advantages, especially for high-income professionals like pilots.

Enjoy the show!

Show notes:

(0:00) Intro

(04:04) Diving deep into real estate professional status

(7:49) Cash flow, appreciation, amortization, and the tax advantages of depreciation

(14:00) How pilots can accelerate depreciation through cost segregation studies

(17:07) Passive vs. active losses explained

(20:21) How pilots can meet the 750-hour threshold to qualify as real estate professionals

(31:20) The advantage of having a spouse who qualifies as a real estate professional

(44:24) The importance of educating yourself and working with a CPA

(50:46) Outro

Links Mentioned:

1. Brandon Hall’s Ebook on Real Estate Professional Status: You can request a free copy by emailing [e-mail].
2. Top 5 Tax Tips for Pilots: Request it via [e-mail].
3. #32 - Tax Savvy Investing: The Power of Cost Segregation with Yonah Weiss: https://passiveincomepilots.com/episode/32-tax-savvy-investing-the-power-of-cost-segregation-with-yonah-weiss

Connect with Brandon:

Website: https://www.therealestatecpa.com/

LinkedIn: https://www.linkedin.com/in/brandonhallcpa/

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*Legal Disclaimer*

The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.