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Tax planning before 2025 ends to maximize tax deductions: real estate, side hustles, W2

450 views· 22 likes· 16:45· Oct 29, 2025

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Try Baselane Smart for 30 days, and get a $100 bonus with an eligible deposit in your Baselane account: https://www.baselane.com/lydia A few channels I have enjoyed for educational purposes in this area: https://www.youtube.com/c/TheRealEstateCPA (Brandon has visited with us before, and has kindly offered his advice in an interview here on our channel: https://youtu.be/9h0etOeWE-Y?si=nHbfybu0lsdhVFXq https://www.youtube.com/@taxleverage (Jasmine calls out ALL SORTS of BS on the internet and her tax community has all sorts of amazing workshops.) SUPER IMPORTANT: I AM NOT A CPA, TAX PROFESSIONAL, FINANCIAL ADVISOR, LEGAL ADVISOR, etc. This is only what I am considering, for my own case, based on what I have learned/have been advised; any new ideas expressed in this video will be fully vetted by professionals before I apply them and I urge you to do the same. Only new Baselane banking customers are eligible to receive the bonus. To receive the bonus, you must deposit $500 into your Baselane Business Deposit account and maintain this balance for 30 days before 12/31/2025. Once you have met this requirement, the $100 bonus will be paid out within 30 days. See https://www.baselane.com/100-cash-bonus for more details MY TOOLS: My Clickup operations dashboard and template (Vacation Venture Vault): https://lydiapatel.com/vacationventurevault Short term rental calculator (free): https://lydiapatelll.ck.page/calculator Setup guide downloadable (free): https://lydiapatelll.ck.page/how-to OTHER USEFUL LINKS: Airbnb hosting with me as your ambassador: https://www.airbnb.com/rp/lydiap12302 Projection Lab: https://projectionlab.com/?ref=lydia98 free version works great, if need to save data then try the premium AirDNA (for projecting $$, free version available): https://invite.airdna.co/Lydia-Patel1 Northwest Agent discounted rate at $39 per LLC with link: https://tidd.ly/4gn0U5m Aura (privacy/data removal): https://aura.com/lydiapatel Modern furniture (including the bookshelf behind me): https://bludot.pxf.io/3JXPKv Business inquiries: hello@lydiapatel.com IG: I'm @ lydiapatelll Video edited with the help of Gling: https://bit.ly/46bGeYv Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income helps me keep the resources free for a greater number of people. :-) Everything I recommend have been fully tested by me. Thank you everyone for your generous support! Also- everything here is based on my own experience and knowledge. I am not a licensed tax or legal or financial person. I care deeply about being honest and transparent, and try my absolute best to give you everything I know, but I can't imagine every viewer's situation and ensure what I say applies to your circumstances. When in doubt, always seek professional advice! (Or at least, leave a comment and get some clarification!) #RealEstateInvesting #bankingwithbaselane @baselane

About This Video

In this video I’m walking through the tax planning moves I’m thinking about before 2025 ends—specifically through the lens of real estate (especially short-term rentals), side hustles, and the very real constraint of having W2 income. This is not “do this and you’ll magically pay zero taxes” content. It’s me mapping out the levers I actually have: getting clean bookkeeping, understanding what’s truly deductible, and making sure I’m not leaving obvious money on the table because I waited until April to look at my numbers. I also talk about how I sanity-check tax info online, who I like to learn from, and why I’m obsessive about systems—because the best deduction strategy in the world is useless if your receipts are a shoebox and your accounts are a spaghetti bowl. The big takeaway is that year-end tax planning is mostly about being proactive: knowing your categories, tracking properly, and vetting anything “new” with a real professional before you implement it. I’m sharing what I’m considering for my own situation, and I want you to use it as a planning framework—not as individualized tax advice.

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