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Updated about 2 years ago on . Most recent reply

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Nichole Schwarz
  • Rental Property Investor
  • Bay Area, CA
6
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3
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Rental Tax Strategist

Nichole Schwarz
  • Rental Property Investor
  • Bay Area, CA
Posted

Hello!

I’m relatively new to the rental investment world. I was wondering if there is a recommendation on a tax strategist for new investors— it’s my understanding there are ways to offset W2 income in doing so. 


To provide some insight/perspective, I currently have one investment property in California, but I intend on purchasing a 4plex out of state this year.

Thank you for your time in advance.

Most Popular Reply

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Natalie Kolodij
Tax & Financial Services
Pro Member
  • Accountant
  • Charlotte, NC
4,406
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3,669
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Natalie Kolodij
Tax & Financial Services
Pro Member
  • Accountant
  • Charlotte, NC
ModeratorReplied

A Tax Strategist and a CPA are absolutely not the same. 

Many CPA's don't even work in tax, some do, and some are amazing- but even then many don't know REI.

I received this message on IG 9 minutes ago 

"My CPA said since my w-2 income is above $150k I cannot deduct my air bnb activity losses. Is there a spcific code section I can send him to show otherwise". 

Linda who commented above is REI specialized and I would recommend reaching out to.

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Kolodij Tax & Consulting

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