How to make it, spend it, and invest it

30 Oct 2020

Mastering Money 10/30/20

Post by MoneyRadio Staff

Like him or not, Donald Trump is one of the most skilled real estate investors in history. Can we blame him for wanting to keep his tax bill low? One of the benefits of investing in real estate is that depreciation and other expenses are deductible every year,  for a number of years. Thousands, if not millions, of Democrats, Republicans, pastors, teachers, and rabbi’s own rental real estate. A key benefit is deducting the depreciation on the building. When you deduct your depreciation, and all your other expenses,  you can lower your income tax bill. It’s simple math. And if you own a LOT of real estate, you can deduct a LOT of depreciation. It’s not a loop-hole, it’s the LAW! Today, we’ll do a fact check on Donald Trump’s tax return and his real estate, and then Medicare expert SHELLEY GRANDIDGE joins us.  A very timely show you DON’T want to miss….MASTERING MONEY is on the air!!!