WS105: Expert Tax Saving Strategies in Real Estate Syndication with Tom Wheelwright

real estate syndication, real estate investing, deal making

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Tom Wheelwright, CEO, WealthAbility, best-selling author of Tax Free Wealth and Founder of Provision shares some little-known strategies which can help you save your tax dollars and shelter your investments in real estate syndication.

In this show, you will learn how passive losses can help you reduce your tax bill. Do you need to hold a property for less than 3 years in order to pare down your capital gains? What are the tax benefits of investing in an “Opportunity Zone”?  Some other topics discussed include Reverse 1031 exchange, long term, and short term capital gains taxes and how to best leverage Solo 401 K’s. Tune in for some great value!

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Time Stamped Show Notes:

  • 00:29 – Whitney introduces Tom to listeners
  • 01:08 – Tom shares his background information
  • 02:52 – Tom shares how real estate investors can avail tax benefits of up to 120% on their investments in oil and gas
  • 04:20 – Learn how passive income and passive loss can help you reduce taxes
  • 06:13 – Understanding how cost segregation can help you save your tax dollars
  • 06:40 – Understanding the distinction between “repairs” and “improvement” is important from an accounting perspective
  • 07:46 – Will you end up paying a higher capital gains tax if you hold a property for less than 3 years?
  • 09:33 – What is the difference in the taxation rate for long term and short term capital gains?
  • 11:15 – Can your passive loss offset your gains via passive income only?
  • 12:22 – Will you end up paying less business income tax if you invest via your Solo 401 K rather than your IRA?
  • 13:01 – Why should you consider rolling your IRA into your Solo 401 K?
  • 13:43 – What is the optimum syndication structure that can help you save taxes?
  • 14:32 – Tax benefits of investing in “Opportunity Zones”
  • 16:30 – How to discover an “Opportunity Zone” near you
  • 17:46 – Overview of the Reverse 1031 exchange
  • 19:46 – Are there some professionals who are adept in conducting Reverse 1031 exchanges?
  • 20:32 – Are you better off paying your taxes rather than doing a Reverse 1031 exchange?
  • 21:22 – Can you employ your children in your business, and save on taxes?
  • 24:03 – Question of the Day: Can my syndication negate some of my tax income from my wholesale business?
  • 24:42 – Will a home office allow you greater deductions?
  • 26:07 – What is the biggest taxation mistake that syndicators make?
  • 26:52 – What is the #1 thing that has contributed to Tom’s success?
  • 27:53 – The importance of hiring the right tax professional for your business
  • 29:33 – Tom shares his contact information
  • 30:23 – Schedule a call with Whitney now!
  • 30:37 – A Special Thanks to our sponsor, Life Bridge Capital

In this episode, you will learn

  1. How to offset your passive loss to reduce tax dollars
  2. How to leverage your Solo 401 K in real estate syndication to save on your tax dollars
  3. Nuances of a Reverse 1031 exchange that you should be aware of
  4. Tax Benefits of investing in “Opportunity Zones”


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