How to reduce Real Estate Income from rentals for Tax Purpose?

[Namal Burman]

I have two rentals along with primary residence. Now the rental income is increasing my tax burden as an income. 

Any strategies i can use to reduce this rental income? 

Should buying another property would help? Any pointers or guidance would help?

Regards,

namal

[Namal Burman]

Quote from @Katie Balatbat:

@Namal Burman

Definitely I would echo that a good CPA knows the rules and options and limits more so than Turbo Tax.  Turbo Tax can be inaccurate or ask leading questions that if you don't know what you're looking for to verify accuracy, it can be tricky.  You also may want to look into bonus depreciation options.  If you need referrals in San Diego, let me know.

*This post does not create an attorney-client or CPA-client relationship.  Readers are advised to seek professional advice.

Thanks Katie,
Can you please provide me any recommendation for CPA who is well versed in Real Estate? I already filed my 2022 return on April 18th but since Oct 18th is the deadline i can leverage that and refile it.