Want to create an interactive transcript for this episode?
Podcast: Get Rich Education
Episode: Tom Wheelwright | How To Be A Real Estate Pro, Bonus Depreciation
Description: #230: It's Rich Dad Month, Week 1 of 4. If you work at a W-2 job, learn how to reduce your taxes. Become a "real estate professional". If you're married with a stay-at-home spouse, you increase your chances. To qualify as a real estate professional, RE must be your principal activity and consume at least 750 annual hours. There are four income types for tax treatment:     1) Earned     2) Ordinary     3) Capital gains     4) Passive Passive losses are only deductible against passive income. We've recently undergone the most sweeping tax...