Should we make the transition now of wait it January 1st (to help with keeping the tax accounting clear?

When the property is sold, the depreciation recapture rules will apply, reducing your tax basis and potentially increasing your taxable gain.This sounds like it is straight out of chat gpt and does not answer my question. 🤣  Completely agree

@Kody SmithYou’re right that many tax pros don’t fully understand the nuances of real estate.

We have an account with datatree and propstream which both show property taxes on a property.

Quote from @Vespa Trixie: I dont know if this will help but, I have contacted my tax guy.

There are many extra expenses I’m trying to take into account too, like $1k for them to do my taxes, which is what they said during my phone call. 

@Sean BozigianReach out to a few of the accountants here on BP and see who you connect with.Working with your accountant remotely will expand your options.There are accountants on BP that will work with you throughout the year.

Is this more of an income tax strategy?

I would love for this person to be able to counsel us on our entire portfolio (retirement, mutual funds, AND real estate), LLCs, do our taxes, and offer RE professional tips.

But my kids are really into Tax Sales ~ but the best deals they get are using the tax sale list to contact owners . . . offering to clear / pay tax debt and give owner some $ for house ( so they can afford to move out. )This must all be done BEFORE the auction  If owner does nothing, and house sells at tax auction, then they get nothing ~ loose the house and the sheriff evicts them  This is all not easy ~ and the success rate is probably less than 1% . . . but they've got some amazing deals.