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Updated about 4 years ago on . Most recent reply

User Stats

52
Posts
22
Votes
David Epstein
  • Brussels, Belgium
22
Votes |
52
Posts

Real Estate Investor - Standards Deduction?

David Epstein
  • Brussels, Belgium
Posted

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!

Most Popular Reply

User Stats

487
Posts
658
Votes
Joshua McMillion
  • Rental Property Investor
  • Madison, AL
658
Votes |
487
Posts
Joshua McMillion
  • Rental Property Investor
  • Madison, AL
Replied

@David Epstein

I just decided to pull the trigger on a tax professional and landed on Brandyn Cox of BMC accounting. He is a military (army, the best) veteran and specialized in real estate. He just completed my 2021 taxes and I am very happy with his systems, communication, and availability. 

Sincerely 

Josh

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