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Tax, SDIRAs & Cost Segregation
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Updated over 5 years ago on . Most recent reply
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How Much Do you Pay on Taxes for Rentals in WA state?
I decided that I need to start paying taxes on my rental units. Is there anyone in Washington that can tell me about how much they pay in taxes for their rentals? In a few months I'm hoping to have up to four rentals. I'm curious if I should go at it alone or hire a pro. Let me know your opinions!
Thanks,
Tierra
Most Popular Reply
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I would definitely consider in hiring a tax professional. A few common expenses/deductions that I see real estate professionals miss relate to the home-office deduction, office expenses, depreciation, supplies, etc.