Amanda Cruise and Ash Patel interview DA Wilson, a tax attorney specializing in real estate transactions. They discuss the importance of proactive tax planning and structuring transactions to maximize take-home dollars. They also cover common tax mistakes made by real estate professionals and the benefits of tax incentives such as 1031 exchanges and capital gains treatment. DA Wilson emphasizes the need for both a tax attorney and a CPA when dealing with audits and disputes with the IRS. He also highlights the importance of asset protection and estate planning for growing real estate businesses.
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