How To File Taxes With Most Advantages?

[Joseph Gray]

What is the best way to file taxes to show a high amount for loan purposes, but still keep a low Taxable income? (Self Employed)

Currently I plan to list a higher Gross number, but after all of my deductions I have the net income number showing very low in an attempt to save as much as possible on taxes owed.

(I'll be looking to purchase a personal residence + additional investment properties in 2020)

I'm planning to use a traditional IRA up to the $6,000 mark to help on taxes as well.

If I show a small Net Income, will this hurt my options for real estate loans (both with a normal mortgage as well as hard money lenders and other banks)?

Or should AGI be of my greatest concern?

Thanks so much for any tips and advise! I'm still new to the game of real estate and love to learn from people who have been in for a while :)