Kenny Kim, MD, MS Tax, EA

Kenny Kim, MD, MS Tax, EA ER doc turned tax strategist. I help physicians work less and keep the same income. drtaxtor.com

09/25/2026

📊 "Invest $100K, get $30K in losses year one." Before you wire it — understand what that deduction actually does.
Rental real estate is passive by default under §469, and passive losses don't offset clinical income. The $25,000 special allowance? §469(i)(6)(C) says a limited partnership interest is never active participation. Off the table regardless of what you earn.
The losses aren't gone — they're suspended until you have passive income or the deal winds up. That's a deduction for a year nobody can name. 🩺
👉 Send me the offering memo before you wire: linktr.ee/drtaxtor

09/21/2026

🏠 Your dad owns a rental worth $2M. Thirty years, fully depreciated. He needs cash and you have it.
Buy it from him and you burn the §1014 step-up that would have erased every dollar of depreciation and recapture at death. Instead he pays tax today — a bill your family never had to pay.
And the cost seg play? Bonus depreciation requires acquisition by purchase, which excludes related parties. Even with a real estate professional spouse. 🩺
👉 Model it before you sign: linktr.ee/drtaxtor

09/21/2026

Doctors: Would you pay $100,000 to save $200,000 in taxes?

Who wouldn’t—if it were legitimate?

That’s essentially the pitch behind a tax strategy being marketed to high-income taxpayers.

The kicker? You may be told you can walk away from the $400,000 loan used to create the deduction.

Sounds amazing. But ’member the saying?

If it sounds too good to be true, it probably is.

I break it down in my latest article. 👇

09/18/2026

🌺 "I'll bring my wife to the Waikiki conference and call her my secretary." It doesn't work.
IRC §274(m)(3) has three prongs and you need all three: she's a bona fide W-2 employee, her travel serves a real business purpose, and the expense would be deductible for her independently.
Taking notes and joining you for dinner is the textbook example courts reject. A title is decoration. 🩺
👉 Planning a conference trip? Let's structure it first: linktr.ee/drtaxtor

09/16/2026

Most physicians host meetings at their home and collect nothing. The tax code says that's leaving $14,000 on the table — completely tax-free. 🏠💊
It's called the Augusta Rule — IRC §280A(g). Rent your home to your practice for up to 14 days a year. The income? Tax-free to you. The rent? A full deduction for your practice. At the 37% bracket, the combined benefit is worth $5,000+ per year — just for meetings you're already having.
14 days. Zero taxes. One of the most underused strategies in the tax code.
🩺 Are you a doctor, dentist, or healthcare professional looking to legally lower your tax bill? Grab your free consultation today.
🔗 linktr.ee/drtaxtor

09/14/2026

Buying real estate inside your self-directed IRA can quietly waste its best tax breaks. 🏠

Depreciation stops working, heirs lose the step-up, capital gains convert to ordinary income (up to 37%), and leveraged deals get hit with UDFI at trust rates. Not anti-IRA — just run the numbers first.

Free consult → linktr.ee/drtaxtor

09/10/2026

📸 Free trip. Gifted skincare. Comped hotel nights. The IRS generally calls all of it income — at fair market value, 1099 or not.
A brand isn't being generous. It wants a post back. That's a transaction, not a gift.
And the deductions? The camera counts. The haircut doesn't. 🩺
👉 Building a brand alongside your practice? Book a free consult: linktr.ee/drtaxtor

09/07/2026

DNR or full code — you plan for the worst at the bedside. But what happens to your practice if you die tomorrow? 🩺

Without a succession plan, it's chaos: partners with no authority to buy you out, heirs stuck with a practice they don't want, value cratering while everyone argues. The fix is a buy-sell agreement — structured right, funded with income-tax-free life insurance, and it can even lock in your practice's value for estate tax.

It's not a DIY form. Let's build yours → linktr.ee/drtaxtor

09/03/2026

Your rental threw off a $20,000 loss — and your tax bill didn't move a dollar. Here's why. 🏠

The IRS splits income into two buckets: non-passive (your W-2, 1099, interest) and passive (rental real estate). And passive losses generally can't cross over to offset your non-passive income — so they get suspended and carried forward, losing value to inflation every year. Check Form 8582; that's your locked-up loss pile.

There are only three ways to free them — and turning on real estate professional status in year five won't unlock years one through four.

Sitting on suspended losses and not sure how to free them? Book a free consult → linktr.ee/drtaxtor

A few years ago my wife asked me a question that changed my finances.I had been spending all my free time studying real ...
09/02/2026

A few years ago my wife asked me a question that changed my finances.

I had been spending all my free time studying real estate. Touring houses. Walking neighborhoods. Running numbers on deals I had no intention of buying.

She finally said: "You spend so much time doing this anyway. Why don't you get paid for it?"

Fair point.

So I got my real estate license in 2020.

First year, I lost money. Turns out "I really like looking at houses" is not a business plan.

But I kept going. Started a tax practice two years later. Went back to school for tax law while still working clinical shifts.

Today I practice medicine three days a week instead of full time — and I have more control over my life than I did when I was earning every dollar from a paycheck.

I wrote the whole story out, including the tax rules that actually make this work and the ones that quietly ruin it for people who don't know they exist.

Full article in the comment.

Any other physicians out there building something on the side? Curious what you're working on.

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