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Financially Simple Bizcast


The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

Dec 12, 2019

In episode 215 of Financially Simple, Justin continues his examination of reducing tax costs when selling Real Estate.

When selling property the 1031 Exchange route might not be the best option with so many disadvantages, so what other options are there? Justin explains the Opportunity Zone, what it is how it works, and provides a case study example of Comprehensive Tax Planning.

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TIME INDEX:

00:54 - How to Minimize Taxes When Selling Real Estate: Part 2

01:54 - The O-Zone

03:49 - Tax Advantages of Investing in O-Zones

05:11 - The Process

06:43 - Case Study Example

08:35 - The Fourth Strategy: Comprehensive Tax Planning

13:20 - Conclusion

14:12 - Wrap Up

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RESOURCES:

Financially Simple Educational Website

Financially Simple on YouTube

Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit

Opportunity Zone Map

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BIO:

Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.