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Updated over 6 years ago,
My CPA is very vague.. is this normal???
Hello I am a young entrepreneur.
This year I have done pretty well and am blessed and burdened to have quite a tax bill coming in April of 18 looking to be around 40k
When asking my CPA what I can do with the money to lessen my tax burden he is very vague and unhelpful. Now i am new to having a CPA so maybe that is not his job.
My first thought was to get into real estate however, from what i understand most expenses with real estate have to be depreciated over time. So therefore maybe i shouldn't be looking at real estate as an investment to help with taxes for this year. Is this true or is there another way? Thank you guys.