Help I need some deductions!!

[Christina Hall]

These taxes are killing me! I have 5 active rental houses & 1 land contract. Everything I make goes right back in to them or more property But yet my tax bill is HUGE! Is there any way I can show on paper I reinvested my profits? 

One top of what I already had I also did all of this in 2015! 

#I purchased 2 lots $80 & $10 at the land sale along with a 4 unit brick For $2,700 and I sold it the next day for $13,000 cash and $2,000 off of a roof job. 

#Purchased a home for $11,500 put in another $15,000 sold for $47,000 three days later.

#Purchased a 4 bedroom for $17,500 and have not touched it.

#Picked up another farm with 17 acres, 5 ponds, 2 houses and several buildings $25,000. ( I've only put in new windows so far)

#Purchased a house (with a store front) a large garage apartment with 2 garages, a 3 bedroom apartment and a 1 bedroom apartment. And there was also a large 60ft garage the hubby took from me. I got all the places on 2 lots for $45,000 on 12/31/2015 and I have put all my money in it. 

Do u see anything that I can use somehow to lower my taxes????? Help

[Dave Foster]

@Christina Hall, my guess is that you're tax bill is inflated because your business model in 2015 lent itself to ordinary income + self employment tax.  Having the government as a "silent parther" as @steve Vaughn call it with 40ish% of the net is a tough one to swallow without a cash cushion.  

You've now got a nice portfolio of investment properties that you can start strategically moving to expand your portfolio though 1031 exchanges and get rid of that silent partner.Tax deferred means not only less of a bill in April but a lot more money to reinvest and benefit from.  And Tax deferred can even become tax free over time.  Well thought out!