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Knowledgeable Vs Less Knowledgeable CPA's (where to draw the line?)
I ask my CPA if they have a strategy for cost segregation, their reply was no. I asked if they have a strategy for step down depreciation, their reply was no. As a r/e investor would it be better to find a CPA who's answers to these questions are a yes? What strategies are y'all seeing in these scenarios? I need a little help on this one BP fam. Thanks in advance.
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It's always best to have a tax professional specialized in your biggest income generator.
If you're really tied into REI then I'd find someone with specialty there
But for what it's worth....I'm real estate specailzied and have worked exclusively with investors for almost 10 years now and the term "Step down depreciation" means nothing to me.
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