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Updated about 1 year ago, 12/21/2023
CPA - Tax Consultant Recommendation
Hi All- This is my first year in real estate investing and i have bought 4 properties this year spending roughly 30-40K in each of the properties for rehab. Can anyone please suggest me if i can offset that spending against my W2 income (>200K)? I’m putting al those properties on long term rentals. I understand you may not be tax expert but any general guidance will be appreciated.
Additionally will take any CPA recommendations? Looking to find someone who works with real estate professionals.