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Updated almost 4 years ago,

User Stats

57
Posts
16
Votes
Garrett Terrell
  • Investor
  • Olympia, WA
16
Votes |
57
Posts

Tax Benefits from SFR and MFR

Garrett Terrell
  • Investor
  • Olympia, WA
Posted

I understand that there are tax benefits to owning real estate, however what are some items I can give to my CPA so we can lower our taxable income?

We made about 350k as a household in 2020 and I do not want to be stuck with a 75k tax bill.

My real estate business is already in an S Corp but what do you guys do with your rentals, we currently one one sfr rental, a primary and a 4 plex.

Any help is appreciated thank you!

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