Brady Slack and Michael Scicluna - Mastering Tax Strategies

<p style="margin-top: 0in;"><strong><span style= "font-family: 'Arial',sans-serif;">Key Takeaways</span></strong></p> <p><span style="font-family: 'Arial',sans-serif;">Confidence is not just about being assertive; it's about the willingness to learn and be coached.</span></p> <p><span style="font-family: 'Arial',sans-serif;">Life is a journey with its ups and downs; winning the small battles leads to winning the war.</span></p> <p><span style="font-family: 'Arial',sans-serif;">Consistency in facing ups and downs allows for success through the big challenges.</span></p> <p><span style="font-family: 'Arial',sans-serif;">The language of business is accounting; understanding that language enhances your chances of success.</span></p> <p><span style="font-family: 'Arial',sans-serif;">Real estate investing has the potential to never be taxed if leveraged with write-offs, expenses, and depreciation.</span></p> <p><span style="font-family: 'Arial',sans-serif;">Don't let the tax tail wag the dog; sometimes, there are valid reasons to exit a property despite tax implications.</span></p> <p style="margin-top: 0in;"><strong><span style= "font-family: 'Arial',sans-serif;">Timeline</span></strong></p> <p style="margin-top: 0in;"><span style= "font-family: 'Arial',sans-serif;">[02:05] Intro to episode guest</span></p> <p style="margin-top: 0in;"><span style= "font-family: 'Arial',sans-serif;">[02:50] One word that describes <strong>Brady</strong> personally and professionally.</span></p> <p class="MsoNormal"><span style= "font-size: 12.0pt; line-height: 115%; font-family: 'Arial',sans-serif;"> [06:46] Can you share a brief overview of your background, current role, and your company?</span></p> <p><span style="font-family: 'Arial',sans-serif;">[10:10] What are the tax planning strategies for limited partners, and how do they benefit as investors?</span></p> <p><span style="font-family: 'Arial',sans-serif;">[16:36] Brady, discuss business entity structuring and mapping as Mike mentioned. How should people structure their entities?