Accountant · Williamstown, NJ · Member since 2025 · 341 posts · 182 votes
I’m bringing this up because a lot of investors I talk to think once they close, the tax side is already set.
Not always.
If you bought property after January 19, 2025, there’s a good chance you may be sitting on bigger write-offs than you realize, especially if nobody has looked closely at how that deal was structured and what actually qualifies.
That doesn’t mean every property automatically creates a huge deduction. It does mean a lot of investors may be leaving money on the table simply because they assumed their CPA would “catch it later.”
That’s a mistake.
I’d rather see investors ask the question now than find out after the return is already filed.
Has anyone here gone back and rechecked a 2025 purchase and found larger deductions than expected?