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Updated almost 5 years ago,

User Stats

35
Posts
9
Votes
Stephen Rager
Pro Member
9
Votes |
35
Posts

Education starting out on the tax side

Stephen Rager
Pro Member
Posted

Just starting out, I've purchased two properties, putting them into place as rental properties.  I'm looking for resources to maximize our tax deductions.  I also have a small business as well, but this is different. We run tight books with our businesses and it's really paid off by legally deducting what we can.  I see the same benefits from real estate.  Our accountant is pretty savvy, so that's one resource, but that's an expensive per hour pay, which I don't mind.  I generally, do a bunch of research on my own, then write up questions in advance, which I take to him for about 1 hour at a time.  Can you all recommend books, articles, or webinars?  I see lots of articles, posts on here but not a lot of archived videos or podcasts related to this topic for newer investors. 

I will say this, being a business owner, tax consequences are huge if you're not mindful.  As well as the extra taxes you will pay if not tax savvy. 

  • Stephen Rager
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