Rental Property & Taxes

[Account Closed]

Very new to the real estate investing. We own 2 rental properties and own the house we currently live in. Last year, we only owed back around $100 for taxes. This year, our CPA is telling us we owe $4,000. We’re just confused why it is so much more this year and how other people with rental property ends up making a lot of money off of taxes. We are depreciating and writing off all expenses. I feel like we are just doing something wrong here, anybody a wizard with this?

[Daniel Hyman]

See if your return includes a year over year comparison worksheet. We include those with all of our returns and many other CPA firms do the same. You might finds some answers there. 

If not, ask your CPA the question.