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Tax, SDIRAs & Cost Segregation

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Andrew Gudmunson
  • Colfax, WA
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27
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A brief overview on taxes

Andrew Gudmunson
  • Colfax, WA
Posted Oct 21 2017, 13:21
I just put an offer in on my first rental property! I’ve been back and forth a little bit with the sellers and it seems like we settled on terms that work for both of us! I’m super excited but I have a lack of knowledge as far as taxes are concerned. If we close in the next few weeks what kind of tax implications can I expect when I file this year? I know my interest amongst other things are considered write offs, but are there any other major items I need to consider as far as taxes? If anyone can just give a brief overview that would be awesome!

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