{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Real Estate Is Taxing","title":"#5: Land Vs. Building - 3 Ways To Calculate It, And 1 Way To Avoid At All Costs","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/3fa8e68d\"></iframe>","width":"100%","height":180,"duration":1704,"description":"Join The Conversation On Facebook - \nTax Professionals - https://www.facebook.com/groups/realestatefortaxpros\nReal Estate Investors - https://www.facebook.com/groups/REIKnowledgeVault\nWant To Attend An Event or Have Natalie Speak at Your Event?\nUpcoming Speaking and Teaching Events - https://www.natalie.tax/\nReferenced In This Episode: \nTC Summary 2017-31  -https://casetext.com/case/nielsen-v-commr-2\n\nIn this episode of 'Real Estate is Taxing,' host Natalie Kolodij discusses the intricacies of real estate tax, focusing on depreciation and the importance of allocating land and building value when setting up a rental property. Natalie explains how depreciation allows rental property owners to write off the value of the building and improvements over time, emphasizing that land cannot be depreciated because it does not wear out. She outlines acceptable methods for dividing purchase price into land and building values. Natalie also debunks common misconceptions and provides guidance on ensuring accurate depreciation schedules. \n00:00 Introduction to Real Estate Tax Education\n00:27 Upcoming Tax Education Opportunities\n01:40 Deep Dive: Depreciating Rental Properties\n02:31 Understanding Depreciation: The Basics\n03:21 Adding Costs to Your Property's Basis\n04:07 Navigating Escrow and Loan Costs\n09:38 The Importance of Separating Land Value\n16:04 Choosing the Right Method for Land Valuation\n21:27 Avoiding Common Depreciation Mistakes\n27:20 Conclusion and Invitations","thumbnail_url":"https://img.transistorcdn.com/7p4vFIM7-jHizm--e7xacjLelS5_7Kw6wB_KCTCk4nw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85NGRk/Y2QzMzEwMTczM2Mz/MTFiNzJkOTdmODA2/NmE3MC5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}