Updated over 4 years ago on . Most recent reply
Real Estate Investor - Standards Deduction?
BP friends,
Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using standard rather than itemized. Now, the 2017 tax law did trigger this shift for my situation, but just curious to know about others.
Additionally, as I add a third property I believe I am ready for more professional tax assistance. My profession has frequent moves with occasional business expenses and government benefits (including tax benefits). If anyone has a recommendation for a good CPA, perhaps with experience with diplomatic or military families, would be greatly appreciated.
Wishing you all a wonderful start to 2021!
Most Popular Reply
I just decided to pull the trigger on a tax professional and landed on Brandyn Cox of BMC accounting. He is a military (army, the best) veteran and specialized in real estate. He just completed my 2021 taxes and I am very happy with his systems, communication, and availability.
Sincerely
Josh