Rental properties

Op you know what write off means right? It’s a business expense. I say this because I hear ignorant idiots say things like ‘oh they just right it off’ like it’s free, shite isn’t free. You still pay for them, it’s just before taxes because it’s an expense.

You have depreciation and you have an expense. You can depreciate major items and the purchase price of the property minus the land value, then small things are an expense.

A deer lease to take your potential clients to.

Depreciation can be important. I'm not talking about true expenses here, that does cost real money after all. But depreciation for tax purposes assumes the property constantly loses value, which may not really be the case.

Basically you're doing an arbitrage play between what the IRS thinks is a useful life vs. the true useful life. If you're referring to residential real estate it'll take awhile (the IRS says you depreciate over 27.5 years) but the property may well wind up gaining value in reality.

Another one is collectible vehicles. Rent one out for display purposes at fairs and such, but don't drive it. You get to deduct the cost over five years even though it isn't being "used". When you sell you pay capital gains tax on the depreciated basis but that's still much less than tax on ordinary income, which is what you deducted.

You asked for tax advantages.

Other advantages besides taxes are appreciation and mortgage pay down.

If you own rentals in big metro areas or vacation spots, you can write off that travel as business expenses, as well.

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1031 that stuff

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This. Don’t actualize your capital gains.