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Updated almost 4 years ago,
Real Estate Investor - Standards Deduction?
BP friends,
Just want to get your take on things: I am fairly meticulous when it comes to record keeping (or at least record keeping catch up around tax time) and still find myself looking at a better deduction using standard rather than itemized. Now, the 2017 tax law did trigger this shift for my situation, but just curious to know about others.
Additionally, as I add a third property I believe I am ready for more professional tax assistance. My profession has frequent moves with occasional business expenses and government benefits (including tax benefits). If anyone has a recommendation for a good CPA, perhaps with experience with diplomatic or military families, would be greatly appreciated.
Wishing you all a wonderful start to 2021!