CW 297 - IRS Audit Risks, JP Morgan Losing Gold Reserves, Overseas Income Property

Join Jason Hartman and investment counselor, Steve, as they discuss a few news topics critical to your success as a real estate investor.  Jason and Steve start by discussing a recent   article by Kiplinger’s that discusses the top IRS audit red flags.  Income property investors should be cautious when claiming rental losses and the home office deduction, as these are frequent themes in IRS audits. Then another look at how 15 billion dollars in gold was recently repatriated from JP Morgan’s vaults in London.  Is this the sign of imminent economic collapse?  Or is it just European countries re-aligning their gold holdings due to the lack of a Russian military threat to Western Europe?  The show winds down as with a reminder to take advantage of the free resources at http://www.jasonhartman.com/resources/ and a recent email from a listener.  As are many, this particular listener expressed concern about governments seizing rental properties in the event of extreme fiscal crisis.  Is diversifying over seas a way to hedge against this risk?  Jason lays out the reasons why the US, no matter the fiscal threat, is still the best place in the world to buy income producing real estate.