Tait Duryea welcomes Nathan Sosa for the first guest appearance of the Hangar Talk series to break down one of the most powerful and misunderstood tax advantages available to high-income earners: oil and gas investing. They unpack how working interests can offset W-2 income, why structure matters, and how the upcoming Iron Horse Energy Fund is designed to maximize benefits while managing risk. You’ll hear how diversification across 100+ wells, partnerships with top-tier operators, and smart fund structuring can deliver both strong cash flow and extraordinary tax efficiency.

Nathan Sosa, Manager of National Tax at Hall CPA, advises investors nationwide on advanced tax strategies. A real estate investor and small business owner himself, Nathan brings both technical expertise and real-world insight, most recently co-authoring an e-book on oil and gas tax benefits with Tait.

Show notes:
(0:00) Intro
(0:18) Nathan’s tax & investing background
(1:14) Oil & gas tax advantage explained
(4:01) Investing via stock, royalties, working interest
(6:01) How the 80–90% deduction works
(9:14) De-risking with diversification & operators
(13:00) Active loss treatment rules
(17:05) Fund timeline & cash flow outlook
(20:02) State tax factors for high earners
(23:51) Break-even pricing & assumptions
(26:04) Expanded 1202 exemption benefits

Helpful Links:

• K-1 Tax Document tracker: https://docs.google.com/spreadsheets/d/1oZAnEOesvJH228aOiZqUB9P-_vc1DEpzymZAudvNfCw/edit?usp=sharing
• Oil & Gas Tax Benefits eBook (written by Tait and Nathan): https://drive.google.com/file/d/1-esh5ZpdRJkKiBDO05QS2VFUYKzfdEPR/view?usp=sharing
• Passive Income Pilots’ latest episode with Nathan Sosa - Big Beautiful Tax Bill:
  • Apple Podcast:
  • https://podcasts.apple.com/us/podcast/passive-income-pilots/id1675913577?i=1000716846641
  • Spotify Podcast:
  • https://open.spotify.com/episode/0exEKvvBnijuZXSVaLGlCu?si=bf12aa083c3648e0
• Houston Storage Deal Room - https://turbinecap.investnext.com/portal/offerings/8449/houston-storage/
• To book a call with Nathan at Hall CPA: https://bit.ly/HallCPA
• Contact Nathan to get access to HALL Community $100 off for the year access for PIP and TC brand: Nathan.sosa@hallcpallc.com

If you have any questions, please feel free to email investors@turbinecap.com.

Learn more about Turbine Capital:
Website: https://www.turbinecap.com
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Instagram: https://instagram.com/turbinecapital