Mark Patten, CPA and Mandy Thiebaud, CPA of McKinnon Patten & Associates discuss with Old Capital Podcast how earned income and passive income are treated by the IRS, capitalizing versus expensing replacements & repairs, and why owning real estate is more than just a return on your investment. Find out about 1031 exchanges, like-kind exchanges as well as cost segregation and how it can benefit your real estate investment.

HOW SUCCESSION PLANNING STRATEGIES SIMPLIFY REAL ESTATE PARTNERSHIP TRANSITIONS
Real estate partnerships don’t fail at acquisition. They fail at transition. You can assemble the right partners, structure a solid deal, and build a profitable

