Tax Strategies for Physician Owners with Thomas Castelli, CPA

On today’s episode of the Providers, Properties, and Performance podcast, I wanted to give you a more detailed glimpse into specific strategies and examples for physician owned properties. I invited CPA Thomas Castelli to discuss this topic, and we dive into tax strategies for real estate ownership, helping you understand your options for your property ownership hold period. Listen in as we discuss appreciation, depreciation, and using leverage as a tax strategy.

In this episode, we discuss:

[02:29] Thomas’s background and path to real estate tax strategies

[05:55] How to understand the difference between passive and nonpassive activities

[07:01] The benefits of owning a building

[09:54} A closer look at depreciation

[13:02] Strategies for using leverage as a tax strategy

[14:49] Tax deductible interest

[17:10] Ways to reduce tax liability

[23:48] The importance of having an attorney

[24:55] Thomas’s first job

[25:13] What Thomas would be doing for a living if he wasn’t a CPA

[25:31] What Thomas is currently reading or listening to for news, information, or inspiration

[26:09] What Thomas does for healthy self-care

[26:35] Thomas’s thoughts on whether leaders are born or trained

Thank you for tuning into the Providers, Properties, & Performance podcast!

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