Accredited Investor: Get HUGE Tax Advantages & Passive Income in 2023

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Күн бұрын

If you're someone who plans to go into business or makes a lot of money then chances are you will become an accredited investor.
Book a Tax Services Discovery Call: schedule.lyfetaxes.com/discov...
And that’s awesome because accredited investors can get some huge tax advantage and in some cases, you can end up paying very little to no taxes.
Also, they have the opportunity to grat passive income in 2023.
So in this video, I want to take some time to talk about what accredited investing is, some new changes that took effect in recently.
So if you’re new to accredited investing, let me just start out by defining What is an accredited investor?
So an accredited investor is a person or a legal entity (like a financial institution or a corporation)
who is allowed to participate in investments not registered with the U.S. Securities and Exchange Commission or SEC.
The rule is meant to help prove investors have the sophistication and means to invest in potentially riskier investments, as well as weather any losses.
Now according to the SEC, an individual accredited investor is anyone who either
Earned income of more than $200,000 (or $300,000 together with a spouse) in each of the last two years and reasonably expects to earn the same for the current year, or
Has a net worth over $1 million, either individually or together with a spouse (excluding the value of a primary residence).
But just last year the SEC updated the criteria to include more people.
The new rule allows individuals who are “knowledgeable employees” of a private fund to qualify as accredited investors,
I'll also do a quick review of 4 online investing platforms. We're going to do a crowdstreet review, yield street review, fundrise review and one more.
Outline:
Intro to accredited investing: (0:00)
What is an accredited investor?: (1:12)
New 2021 SEC Accredited investor rules: (2:10)
YieldStreet Review: (6:00)
Tax Documents: (7:19)
1099-INT vs K-1: (8:02)
CrowdStreet Review: (8:30)
Fundrise Review: (11:30)
Huge Tax Advantages: (14:21)
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Пікірлер: 27

@rtanaka 3 жыл бұрын

Excellent video. Thanks for the high quality info Sean. Subscribed.

@LYFEAccounting 3 жыл бұрын

Thanks for the sub!

@AsAboveSoBelow111 Жыл бұрын

Awesome video! I'm currently studying for the Series 65 exam so I can get this accreditation. BTW- first time here and I subbed and hit the bell button. Definitely will be coming to your channel on the regular. thanks so much!!

@shermanstandberry 3 жыл бұрын

Great overview, Sean. Didn't know about the new eligibility additions for Accredited Investors. Really cool!

@LYFEAccounting 3 жыл бұрын

Glad you enjoyed it!

@elijahparton5549 2 жыл бұрын

Great guide for accredited investors or should I say potential accredited investors.

@shinjoomin5723 3 жыл бұрын

Thanks for sharing the great information.

@LYFEAccounting 3 жыл бұрын

You're so welcome, thanks for watching!

@successdefiners 3 жыл бұрын

Oh this is a game changer! Thank you LYFE Accounting.

@LYFEAccounting 3 жыл бұрын

Thank you for watching :)

@thestandberrys2519 3 жыл бұрын

This is my year to get accredited!

@LYFEAccounting 3 жыл бұрын

Good luck!

@iankingston196 2 жыл бұрын

series 7 I will look into that see what that is thanks for this info I only knew about the income and then or access but this is another way to go okay I will look into taking a classes for that all right let me hear your video again thank you for the information appreciate it

@LiveInRaleighNC Жыл бұрын

Great video! Thank you! Quick question...do limited partners have to pay depreciation recapture when the investment is sold?

@brentfitzgibbon Жыл бұрын

Very interested in your Tax Advantages section on K1 losses. As an accredited investor where can you find these specific opportunities? What keywords/industry terms should you use in searching for them?

@antoniofba667 3 жыл бұрын

Great information

@LYFEAccounting 3 жыл бұрын

Thanks :)

@lance5000 2 жыл бұрын

Sorry not to nitpick, but that should say series 7, series 65 or series 82 ... By having the word 'and' in there instead of 'or, would imply that all three licenses are necessary, when in fact it's just one of the three

@killerbboyblack5 2 жыл бұрын

Good Tip

@JoelLopez-vi2nt Жыл бұрын

What is the best license between serie 7, serie 65 or other?

@biggrobb7033 3 жыл бұрын

How do you become an Accredited Investor through education and training?

@LYFEAccounting 3 жыл бұрын

You need to try working for a company that does accredited investments

@WattsUpDev 2 жыл бұрын

@LYFEAccounting Something I want to be clarified because it can potentially hurt listeners: Exceeding 1 million in net worth or At least 1 million in net worth