Why Tax Deduction: Make me look Poor on paper?

[Peter Cole]

I look poor on paper, so how do I purchase if I keep taking tax deduction?

After a few year in real estate in California, making 120k a year, I took all my tax deductions from the real estate office, gas, food etc.. my accountant made all the deduction

and I owed about $6,000 every year for taxes for the $120,000

when i went to get a conventional loan they said I hardly make any money on my taxes,

So how do I qualify for loans using my taxes?

Option I see:

do I pay huge taxes 60k-70k year so I can look good on paper?

Or keep taking deductions and pay $6k-8k year but look poor on paper?

Thank you in advance

[Ashish Acharya]

Originally posted by @Peter Cole:

I look poor on paper, so how do I purchase if I keep taking tax deduction?

After a few year in real estate in California, making 120k a year, I took all my tax deductions from the real estate office, gas, food etc.. my accountant made all the deduction

and I owed about $6,000 every year for taxes for the $120,000

when i went to get a conventional loan they said I hardly make any money on my taxes,

So how do I qualify for loans using my taxes?

Option I see:

do I pay huge taxes 60k-70k year so I can look good on paper?

Or keep taking deductions and pay $6k-8k year but look poor on paper?

Thank you in advance

Depreciation gets added back to make you look richer for an underwriter.