She was a successful physician earning approximately $1 million per year.
Unfortunately, she was also writing very large checks to the IRS.
She wasn’t interested in gimmicks, aggressive positions, or questionable deductions. She wanted a strategy that fit her lifestyle and her goals.
During a Landmark Wealth Framework™ planning session, we discovered she was an excellent candidate for a short-term rental strategy.
Rather than simply buying a rental property, we carefully selected a property in a strong vacation market, evaluated the economics, discussed operations, reviewed participation requirements, and integrated the property into her overall tax plan.
After the acquisition, we completed a cost segregation study which generated approximately $250,000 of bonus depreciation.
Because Victoria’s income was taxed in the highest federal bracket, those deductions created approximately $91,000 of federal tax savings.
More importantly, she didn’t simply receive a deduction.
She acquired an appreciating asset, created additional cash flow, and converted taxes she would have paid to the government into capital she could use to continue building wealth.
This is what we call Year-Round Tax Planning.
Tax planning isn’t about finding deductions.
It’s about intentionally purchasing assets that improve your financial future while reducing unnecessary taxes.