Real Estate Accounting Practices
Hey everyone,
So I'm just finishing "The Book On Tax Strategies for the Savvy Real Estate Investor." It's a good book on real estate tax strategies for investors to implement into their daily lives. Has anyone else read this book?
How many accountants are truly recommending using IRAs to purchase real estate? I used the Cares Act as an excuse to take a large loan out of my Roth IRA to purchase and fund a fix and flip property recently, but this idea seemed kind of foreign to my specialist. How many of your use self directed IRAs to fund your deals?
I'd like to see how common using a self directed IRA is, and hear from CPAs regarding other commonly missed deductions that many of us should be taking annually?
Doolan