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Updated almost 3 years ago on . Most recent reply presented by

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Jon Perkins
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Jon Perkins
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Jon Perkins
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Tax, SDIRAs & Cost Segregation

Tax advice for sfh investors

Jon Perkins
Posted

Ok. So I've started my real estate journey with yhe purchase of 2 sfh rental properties in Pensacola Fl. My wife and I are high money earners (I guess. We live in CA so doesn't feel that way) at over 225k annually before inuding rental income. I've since discovered that there are some significant issues around deductions and depreciation with the rentals that could potentially destroy all profitability from those rentals. Any advice or stories about your experiences with this would be appreciated greatly.

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Daniel Hyman
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  • from Milwaukee, WI
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Daniel Hyman
  • CPA
  • Milwaukee, WI
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@Jon Perkins

If you are referring to passive loss limitations, you may want to work with your CPA to some tax planning throughout the year.

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