As tax season is in full swing, now is the perfect time for pilots to begin thinking about the next year. What went well last year and what do you want to change for next year’s tax season? In this episode we explore real estate investment opportunities with an emphasis on proactive tax planning strategies. Whether actively managing properties or investing passively, real estate offers unique tax advantages for pilots seeking to diversify their portfolio, generate cash flow, build wealth and potentially off-set W-2 income. As founder of Summit ATS (advanced tax strategies) Billy Withers joins us to share valuable insights on how pilots can use real estate investments to minimize tax liabilities. For pilots with an interest in real estate, there are many on-ramps that may suit your lifestyle and financial goals.

What You'll learn from this episode:

• Several real estate investment strategies tailored to pilots' financial situations, from passive investing to active management.
• When tax planning is done properly, you eliminate last minute surprises and tax season becomes a formality, not a fire drill.
• The requirements for achieving real estate professional status and how pilots can participate by leveraging their time effectively.
• By self-managing short-term rentals like vacation properties, crash pads, etc. pilots can utilize depreciation and other tax benefits to reduce high W-2 tax liabilities.
• The tax characteristics of passive investments, including deferred taxation and strategic reinvestment strategies.

Resources:

Billy’s LinkedIn Profile
Summit ATS
Schedule An Appointment
Practice Website
Email: pilotmoneypodcast@ceterainvestors.com

Disclosure:
Timothy Pope is a Certified Financial Planner™ offering securities and insurance products offered through Cetera Investment Services LLC, member FINRA, SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Tim’s Branch Office is located at 5200 77 Center Drive, Suite 330, Charlotte, NC 28217. The branch phone number is 704-717-8900.

The views depicted in this material are for information purposes only and are not necessarily those of Cetera Investment Advisers.

This Podcast is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought.