In this jam-packed episode of Nailed It: The Construction and Real Estate Finances Podcast, hosts Jeremy Bottlinger (aka Dr. Bot) and Ian Grove break down the critical concept of basis with their signature banter, dodging "mister" titles and deep-fake Dodge Viper dreams. They explain basis as your investment's cost—think stock purchases or real estate—adjusted for contributions, depreciation, and liabilities, using examples like Adobe stock and HVAC replacements. They highlight how tangible property regs can save taxes by avoiding depreciation recapture, and warn how poor basis tracking can lead to overpaying on distributions or company sales. Stay sharp, or you'll be crying over taxable distributions!

Disclaimer – played at 3x speed: This recording is strictly educational in nature and shall not be considered tax, investment, or legal advice.  DO NOT attempt applying any of these ideas without consulting your tax, investment or legal professional.

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Hosted by Ian Grove and Jeremy Bollinger