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EP148: Opportunity Zones & End of Year Tax Info ft. Josh Belk

By Tom OlsonDecember 28, 2018

Introduction

Opportunity Zones are a hot topic in the real estate investing community, but no one is officially an expert on this topic. Josh Belk comes in to have a great conversation with Tom and Josh about the potential strategies for opportunity zones and how you can possibly capitalize on them. We also have some great end of the year tax information for businesses in this episode! Take notes!

Time-Stamped Show Notes:

[13:20] Who is Josh Belk?

[19:16] Who do the new tax changes affect?

[20:10] State and local income tax deductions are not capped at $10,000.

[21:28] Child tax credit is now $2,000 per child.

[24:00] If someone is sponsoring an event how do taxes work?

[24:49] Bonus depreciation and deductions.

[25:53] What is a qualified business income activity? What is and is not considered for this particular deduction?

[28:44] What is considered active and not active?

[31:13] Josh explains how you can take advantage of this new tax law.

[33:17] Should clients be considering adding a C-Corp to their portfolio?

[35:16] Examples of how to take advantage of cost segregation.

[39:40] Retirement accounts. Let’s talk about it.

[53:31] Opportunity Zones for individuals and businesses.

[63:55] Who does Tom want to be?

[65:53] What are the first steps you should take to get involved in opportunity Zones?

Related:  EP135: Business Principles That Have Thrived Since 1978 ft. Marc Cunningham

[71:53] People just getting into real estate, what are some tax subjects they need to know getting into 2019?

[73:55] What is good success to Josh Belk?

Resources

Join the nation’s elite real estate investor mastermind!

Learn how to revolutionize your community through real estate investing by attending the Community Go Giver Event!

Grab your FREE copy of the Active Turnkey book, “Active Turnkey – The Best Way To Buy Rentals.” Increase your rental portfolio by investing in Northwest Indiana turnkey properties.

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Looking to grow your passive income and expand your real estate investing portfolio within a very stable market? Check out Olson Group’s Chicagoland and Northwest Indiana Turnkey and Active Turnkey properties that are available for purchase. Looking for a first-class property management company that will ensure your properties stay rented and maintained all while providing you with peace of mind and professional customer service? Olson Property Services is Northwest Indiana’s premier property management company. Looking to remodel your kitchen or bathroom in Northwest Indiana? Olson Construction Management Services is Northwest Indiana’s premier Construction Management Company.

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