Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply presented by

User Stats

6
Posts
3
Votes
Jared Stine
  • Rental Property Investor
  • Danville, CA
3
Votes |
6
Posts

Capital gains offset through real estate and cost segregation

Jared Stine
  • Rental Property Investor
  • Danville, CA
Posted

There's the potential of having a relatively large capital gains tax through my crypto investing as I take profits this year, which is taxed the same as stock. I'm curious if there's the potential to instead use the money to go towards the purchase of investment property, cost segmentation, and accelerated depreciation vs. just eating the tax bill. It sounds like this "loophole" might be closed through PAL, but I'm hoping someone can clarify if that's the case or if there are any other unique ideas. I understand that's a lot of moving pieces that have to fall in place, but just looking for some ideas. Thanks! 

Most Popular Reply

User Stats

1,982
Posts
1,765
Votes
Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
1,765
Votes |
1,982
Posts
Eamonn McElroy#5 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • Atlanta, GA
Replied

Need to examine if you'd receive any tax benefit or if it'll all get caught up as passive.  e.g. real estate professional, $25k allowance, etc.

There may be opportunity for tax planning but no one will be able to help based on what you've provided.

A CPA that you've engaged, one who knows your facts, circumstances, and goals is in the best possible position to help.

Loading replies...