#8: Tips To Avoid An Audit If You Do A Cost Seg
Manage episode 423388050 series 3569550
Understanding Real Estate Audits and Proactive Defenses If You've Done a Cost Segregation
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In this episode of 'Real Estate is Taxing,' host Natalie, minimizes the fear around audits by highlighting their low risk and focusing on practical steps to avoid common pitfalls. Key points include detailed guidance on mileage deductions, maintaining thorough records for real estate professional status, and tips on conducting cost segregation studies. Emphasizing the need for detailed and accurate record-keeping, Natalie also discusses audit trends and offers solutions to common issues faced by real estate taxpayers.
00:00 Introduction to Real Estate Taxing
00:40 Understanding Audits in Real Estate
01:55 Mileage Deduction Tips
05:40 Real Estate Professional Status
10:17 Cost Segregation Insights
25:47 Conclusion and Final Tips
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