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| Name | Why Invest in Natural Gas and Oil Partnerships #taxstrategy #oilandgas @123Investing |
| Video Uploader | Video From Finance Pro & West Pointer | 123 Investing LLC |
| Upload Date | This Video Uploaded At 05-07-2024 18:50:46 |
| Video Discription | Why Invest in Natural Gas and Oil Partnerships #taxstrategy Summary • 🏦 Tax Deductions: Investments in natural gas and oil partnerships can provide significant upfront tax deductions, potentially lowering income taxes in the investment year. • 💰 Income Stability: These investments offer a long-term income stream that is not correlated with the stock market, adding stability to financial planning. • 📉 Depreciation Benefits: Accelerated depreciation allows for additional deductions in the tax year following the investment, enhancing financial benefits. • 📊 Depletion Allowance: Investors may receive a percentage depletion allowance, providing further tax deductions based on their share of the partnership’s gross production income. • ⚠️ Risk Considerations: Investments are speculative and involve high risk, requiring accredited investors who can afford potential total loss. Insights Based on Numbers • Intangible Drilling Cost Deduction: Approximately 60-70% of the investment can be deducted in the current year. • Accelerated Depreciation: Allows for about 16% of the investment to be deducted in the following tax year. • Depletion Allowance: Provides approximately 10-15% deduction of the gross production income from the partnership. Risk Statement: Foregoing and following statements regarding the tax treatment is based on current tax year IRS rules (2024). Always consult your tax advisor before making any investment in this type of program. What does the video say about the primary tax benefits of investing in natural gas and oil partnerships? The video highlights several primary tax benefits of investing in natural gas and oil partnerships: 1. Upfront Tax Deductions: One of the most significant advantages is the potential for substantial upfront tax deductions. This can help lower your income taxes in the year the investment is made, providing immediate financial relief. 2. Intangible Drilling Cost Deduction: Approximately 60-70% of the amount you invest in the partnership could become a current year above-the-line tax deduction. This deduction can offset ordinary income or capital gains, depending on the situation. 3. Accelerated Depreciation: Due to recent changes in the tax code, these partnerships can utilize accelerated depreciation. This means that investors could receive another deduction in the tax year following the investment, amounting to about 16% of their investment. 4. Percentage Depletion Allowance: Depending on personal circumstances, investors may be entitled to a deduction of approximately 10-15% of their share of the partnership’s gross production income. This allows for further tax benefits. 5. Growth on Tax Savings: The video encourages considering potential growth on these tax savings as an additional benefit to the overall investment strategy. These tax benefits can make investing in natural gas and oil partnerships an attractive option for those looking to enhance their financial portfolios through tax-efficient strategies. What does the video say about how the income stability from these investments compares to stock market investments? The video emphasizes that the income stability from natural gas and oil partnerships offers several advantages over stock market investments: 1. Non-Correlation to Stock Market: The income stream from these investments is not correlated with the stock market. This means that fluctuations and volatility in the stock market do not directly impact the income generated from these partnerships, providing a more stable financial planning option. 2. Long-Term Income Stream: These investments are designed to provide a long-term income stream, which adds a layer of stability to an investor’s financial portfolio. Unlike stock market investments that can be highly volatile, the income from natural gas and oil partnerships tends to be more predictable. Risk Statement: Income is highly dependent on the sale of the commodity being produced. Income can be impacted by market supply and demand factors. 123 Investing LLC, a veteran-owned financial planning firm in Apollo Beach, Florida. The owner and founder Michael W. Mandarino, graduated from the United States Military Academy and served in the US Army as a Military Police Officer. Jesus Christ is His Lord and Savior! 123-Investing LLC does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your tax, legal, and accounting advisors before engaging in any transaction. https://www.123-investing.com/ CALL OR TEXT US AT 813-710-4123 FOR MORE INFORMATION Securities & Investment Advisory Services offered through G.A. Repple & Company A Registered Broker/Dealer & Investment Advisor Member FINRA & SIPC 101 Normandy Road Casselberry, FL 32707 T. 407-339-9090 123 Investing LLC and G.A. Repple & Company are not affiliated and are separate entities. |
| Category | Education |
| Tags | oil and gas partnerships | tax benefits | accredited investor | intangible drilling cost deduction | tax efficiency | investment opportunities | reduce taxable income | upfront deductions | tax advantages | strategic investments | industry insights | financial planning | wealth management | energy sector investments | Tax-Free Growth | tax strategies | tax deduction | investment optimization | tax savings | wealth creation | financial strategy | 123 Investing LLC | USMA | #InvestmentStrategies |
