🔥 The Truth About REPS, 1031 Exchanges & Physician Tax Planning | Spencer Carroll, CPA

Disclaimer: Today’s episode is sponsored by Gelt. Content is for educational purposes only. Not advice. Results discussed have not been vetted. Claims made by the guest have not been verified. The views expressed by the guest do not reflect those of the host or this show.—📌 Sponsored by Gelt:⁠⁠⁠⁠⁠⁠http://www.joingelt.com/collaboration/finding-financial-freedom-for-physicians-dr-chris-loo⁠⁠⁠⁠⁠⁠To book a PREMIUM spot on the Podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.drchrisloomdphd.com/_paylink/AZpgR_7f⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book a 1-on-1 coaching call: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.drchrisloomdphd.com/booking-calendar/introductory-session⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to our email list: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://financial-freedom-podcast-with-dr-loo.kit.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠—💰 Physician Tax Planning isn't about finding magical tax loopholes. It's about understanding how the tax code rewards certain behaviors and using those incentives to accelerate financial freedom. In this episode, Spencer Carroll, CPA, breaks down the tax strategies, mistakes, and misconceptions that keep many high-income physicians paying more taxes than necessary.If you're a doctor, physician entrepreneur, real estate investor, practice owner, or high-income professional looking for better Tax Strategies for Physicians, Financial Independence for Physicians, Real Estate Professional Status (REPS), 1099 Tax Deductions, and High Income Tax Planning, this conversation will help you understand what actually works—and what doesn't.🎙️ Spencer Carroll is a CPA with Gelt, a proactive tax planning firm helping physicians, business owners, and investors optimize their tax strategy year-round rather than simply filing returns during tax season.In this episode you'll learn:✅ Why many physicians overpay taxes without realizing it✅ The truth about Real Estate Professional Status (REPS)✅ Why most physician tax advice on social media is incomplete✅ How 1099 income changes your tax opportunities✅ The benefits and limitations of Mega Backdoor Roth strategies✅ When tax efficiency matters more than increasing your savings rate✅ Common tax mistakes made by physician investors✅ Why tax planning is more important than tax preparation✅ How to think about financial freedom through tax strategyWhether you're pursuing physician financial independence, building a real estate portfolio, creating multiple income streams, considering locums work, or trying to legally reduce your tax burden, this episode provides practical insights into tax optimization and wealth building.⏱️ TIMESTAMPS00:00 Introduction & Physician Tax Planning Mindset02:20 Meet Spencer Carroll, CPA03:05 What Financial Independence Taught Spencer About Taxes04:40 How Gelt Uses AI and CPA Expertise for Tax Planning06:00 Signs Your CPA May Be Costing You Money07:20 Real Estate Professional Status (REPS) Explained09:35 Why Most Physicians Get REPS Wrong09:55 Midroll Sponsor Message10:25 Saving More vs Tax Efficiency11:20 Mega Backdoor Roth Explained12:45 When Roth Strategies Make Sense13:40 Cash Balance Plans for High Earners14:20 W2 vs 1099 Tax Advantages16:05 Tax Strategies That Sound Smart But Often Fail17:15 Alternative Investments and IRS Audits17:50 The Tax Mindset Shift That Creates More Freedom18:30 Effective Tax Rate vs Paying Zero Taxes19:10 Bonus Depreciation, Cost Segregation & 1031 Exchanges20:00 How To Connect With Spencer Carroll20:45 Final Thoughts on Financial Freedom#PhysicianTaxPlanning #TaxStrategiesForPhysicians #FinancialIndependence #RealEstateProfessionalStatus #1099Income #MegaBackdoorRoth #TaxPlanning #FinancialFreedom #PhysicianFinance #PassiveIncome #RealEstateInvesting #CPA #TaxStrategy #PhysicianEntrepreneur #WealthBuildingFinancial Freedom for Physicians, Copyright 2026