Updated almost 7 years ago on . Most recent reply
Estimating Tax Return / Positions
Hey guys, I have a quick question regarding taxes, and tax strategy. I know many of you are probably shaking your heads because one shouldn't invest for a tax advantage, but I live in California, have a high income w2 job, and I have been taking advantage of the owner occupied advantages, breaks and tax returns to help myself get a better cash flow/ROI/IRR. With that being said, do any of you guys have any programs, excel sheets, or a like that you'd recommend to help in estimating a tax returns. In my situation it is important to be able to understand how a property will set me up at tax time. I was doing some research on Turbo Tax, but wasn't sure if any one has experience with it. Just to reiterate, I am looking more for something to use as a tool during my underwriting and not necessary to actually file the taxes.
Thanks!