In this episode of the Prosperity Podcast, Kim dives into essential tax tips learned from a recent conference with renowned tax professional, Tom Wheelwright. Discover why labeling your education expenses correctly and securing 1099 income can optimize your finances. A must-listen for insightful tax strategies!

Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.

Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers' thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.

Links and Resources from this Episode

• For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
• https://gravystack.com/prosperity
• https://prosperitythinkers.com/action/
• https://www.wealthability.com/ 

Show Notes

• Tax conference anecdote with Tom Wheelwright.
• Key tax tip: Seminars vs. continuing education.
• 1099 income benefits and importance.
• Home office deduction details.
• Real estate professional status benefits.
• Real estate activity requirements for deductions.
• Potential downsides of relying on real estate professional status.
• Todd’s insight on analyzing real estate deals.
• Prosperity mindset and tax strategies.
• Using 1099C to address unpaid debts.

Special Listener Gift
Free eBook: Activating Your Prosperity Guide.

Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! 

Review and Subscribe
If you like what you hear please leave a review by clicking here

Subscribe on your favorite podcast player to get the latest episodes.

• iTunes
• RSS