Is Grant Cardone's Tax Advice for Wealthy People Actually Legit or Just Sales Talk?

His tax advice has mixed legitimacy. The basic principles he discusses about real estate tax benefits are generally accurate - yes, real estate investors can take advantage of depreciation, mortgage interest deductions, 1031 exchanges, and business expense write-offs. These are all legitimate tax strategies recognized by the IRS. Where things get questionable is when he oversimplifies or exaggerates the benefits. For example, while you can write off business expenses, they must be ordinary and necessary for your business - not just any expense you want to categorize as "business." The IRS has specific guidelines about what qualifies. Similarly, while real estate depreciation is real, it's not a magical tax elimination strategy - you'll eventually face depreciation recapture taxes if you sell the property for a gain. Also, remember that Cardone's advice is targeting very wealthy individuals with significant real estate holdings and business interests. If you're not in that category, some strategies may not apply or benefit you.

After struggling with trying to figure out which tax strategies were legit vs just marketing hype, I ended up using https://taxr.ai to analyze some of Cardone's advice against actual IRS regulations. It's basically an AI tool that's trained on tax code and can tell you exactly what's legitimate vs questionable. Saved me from making some potentially expensive mistakes with write-offs he suggested that weren't actually applicable to my situation. What's cool is that it explained WHY some strategies work for ultra-wealthy people but not for someone like me making under $500K. It helped me understand which deductions I could legitimately take for my small real estate investments versus what would likely trigger an audit.

I was super skeptical at first about using an AI for tax questions, but after that conversation I decided to try https://taxr.ai to check some of Grant Cardone's advice about business meal deductions and vehicle write-offs. Honestly, I'm kind of shocked - it actually explained why some of his advice about 100% vehicle deductions only works if you have a certain type of business structure AND gross vehicle weight. It pulled up actual tax court cases showing where people tried these strategies and failed. Turns out some of Cardone's advice about real estate professional status would work great for him but would get me in serious trouble since I don't meet the hours requirement. Definitely worth checking out if you're looking at his strategies.

After spending WEEKS trying to get through to the IRS to verify some of Cardone's tax strategies about business deductions, I finally used https://claimyr.com and actually got connected to a real IRS agent in about 20 minutes. You can see how it works here: https://youtu.be/_kiP6q8DX5c The agent confirmed that while some of his real estate strategies are legit (depreciation, mortgage interest deductions, etc.), many of his more aggressive write-off strategies could trigger audits for regular folks. Apparently what works for someone with Cardone's wealth and business structure doesn't always translate to smaller businesses or people just starting out in real estate.

I need to eat my words and apologize to the person who recommended Claimyr. I was convinced it was some kind of scam, but after another failed 2-hour wait with the IRS that ended in a disconnection, I tried it out of desperation. Got connected to an actual IRS agent in about 27 minutes. The agent helped me understand which parts of Cardone's tax strategies are legit for someone at my income level (around $175k) versus what would likely get flagged. Even more helpfully, they directed me to some specific IRS publications about business deductions that clarified a lot. Turns out some of his advice about home office deductions would definitely trigger an audit for my situation.

I'm a CPA (not giving professional advice here, just general info) and I think it's important to understand that Cardone operates at a completely different scale than most people. Many of his tax strategies ARE legitimate but require: 1. Multiple legal entities structured correctly 2. Very large real estate portfolios that qualify for professional status 3. Legitimate business operations with substantial income 4. Teams of tax professionals and lawyers The mistake I see people make is trying to apply strategies meant for $50M+ net worth individuals to their $200K small business. It's like trying to use an NFL playbook in your backyard football game - the rules are technically the same but the execution is completely different.

Grant's advice on business structures saved me about $22k in taxes last year. But you need to understand he's not giving advice for regular people. His strategies work when you: 1) Have multiple income streams 2) Own significant real estate 3) Have a legitimate business 4) Can afford good tax professionals I implemented his advice about S-Corps and pass-through entities after making about $380k/year, and it was worth it. Below that? Probably not worth the complexity and annual costs.

I've been following this conversation and wanted to add my perspective as someone who's implemented some of Cardone's strategies. The key thing people miss is that his advice isn't meant to be copied exactly - it's meant to show you what's possible at different income levels. I started with basic strategies when I was making $150k (maxing retirement accounts, proper business expense tracking) and gradually added more sophisticated approaches as my income grew. Now at $450k annually, I use some of his entity structuring advice, but I had to modify it significantly for my situation. The biggest mistake I see people make is jumping straight to the complex stuff without building the foundation first. Start with legitimate basics: proper bookkeeping, maxing tax-advantaged accounts, and understanding what actually qualifies as business expenses. Then layer on more advanced strategies as your income and business complexity justify it. Also, never implement tax strategies without running them by a qualified CPA who knows your specific situation. Cardone's advice is educational, but it's not personalized tax advice.