On this episode of Passive Income Pilots, Tait and Ryan sit down with Toby Mathis, a multi-talented attorney, speaker, bestselling author, and investor. As a founding partner of Anderson Business Advisors, Toby has led the company to numerous accolades, including being listed on Inc 5000 five times and recognized as one of the Best Places to Work. Toby is known for his popular bi-weekly webinar, Tax Tuesday, and his #1 bestselling book "Infinity Investing," published by Forbes Books. He is also a member of the Forbes Real Estate and Finance Council. In this episode, Toby shares invaluable insights and strategies for maximizing returns and minimizing tax liabilities, revealing unique tax advantages of real estate ownership. He discusses bonus depreciation, the real estate professional loophole, and actionable steps for qualifying for material participation status with your real estate or Airbnb portfolio. Toby also explains the benefits of cost-segregation studies and how investors can leverage them for financial gain. Enjoy the show!
Timestamped Show Notes
(00:00) Intro
(03:20) Brief overview of Anderson Business Advisors and Toby's expertise
(06:15) The different types of income and taxes
(16:05) Owning a business vs. owning real estate
(23:20) Understanding bonus depreciation
(27:06) Material participation explained
(28:50) Real estate professional tax loophole
(35:06) Qualifying for material participation with an Airbnb portfolio or real estate
(39:15) 7 ways to qualify for material participation, 3/7 apply to pilots
(44:21) What other taxes can be offset?
(50:40) What is a cost segregation study?
(57:12) Charitable activities and tax benefits
(01:04:05) How to connect with Toby or Anderson Business Advisors
(01:07:53) Outro
Connect with Toby
AndersonAdvisors.com
Toby takes a deep dive into taxes at Spartan Investment Group:
Tackling the Toughest Tax Questions of all Time!
https://www.youtube.com/watch?v=GX8rFZSGeVc
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Legal Disclaimer
The content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group. The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions. The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts. Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended. Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing.