Description

Discover the irony of starting a real estate business with less than $2,000, and how tracking your basis can help you keep more money in your pocket come tax season.

In this episode, you will be able to:

• Recognize the crucial role of basis in strengthening real estate and business foundations.
• Familiarize yourself with the concept of basis and its correlation with tax estimations.
• Examine the part of initial costs and personal expenses in formulating basis.
• Acquire the skill to manage basis for assets while factoring in earnings and outlays.
• Capitalize on tax preparation professionals to evade audit prompts and enjoy maximal returns.

"Understanding basis is the key to building a successful business."  – Jeff Hockett 

Connect with Jeff:

Website: https://www.hocketttax.com/ 

Email: jeff@hocketttax.com   

Twitter: https://twitter.com/taxgamecoach 

Facebook:  https://www.facebook.com/hocketttaxandpayroll 

YouTube: https://www.youtube.com/channel/UCO30L8kMHVodK8eutw1alQg/videos?view=0 

LinkedIn: www.linkedin.com/in/hocketttax 

Instagram:  https://www.instagram.com/hocketttax/