Explain what bonus depreciation is and, and what these tax benefits are for the, for the lessener- listeners that don't know.

Yeah, I think it starts with understanding that the, the tax code is written, uh, purely to incentivize certain behavior.

So they want y- they want you to invest in, uh, businesses, invest in employees, invest in real estate, buy stocks, and the government's way of incentivizing people to do that is to give them tax benefits.

If you think about charities, b- uh, Red Cross, all that type of stuff, a lot of it's pent up on there being these tax benefits out there.

And, and the government understands that, hey, when you buy a, when you buy a piece of real estate, it actually blesses a lot of people.

You think about who all is making money off that.

Well, you have, uh, title companies, lenders, realtors, CPAs, accountants, cleaners, property managers.

So what are some of the things to look out for and, and they really need to plan for as, as they're thinking about a purchase this fall?

doing it

I always tell people, like, you want to invest in what you know and understand.

You know, at the end of the day, like, if it's too complicated or it seems, like, gibberish and you don't understand it, like, don't invest into it.

I totally agree.

You know, don't let the tax sale wag the dog.

And...

At the end of the day, you'll come out ahead by making the money and paying the tax than if you didn't make the money at all.

So where do you see, you know, you work with your clients that are maybe utilizing this strategy? Like where are some things that you counsel on them that, hey, these are red flags that like let's address now so that, you know, you're not looking over your shoulders for seven years and, you know, waiting for that letter in the mail?