Need Tax CPA / Enrolled Agent specializing in Real Estate Investments

[Larry Morris]

Hello. Good afternoon,

I am looking for someone who can help me with my taxes. I am a Real Estate Broker/ Investor and are currently doing Fix and Flips, Refinances, and Purchases. I seek professional guidance with a Real Estate Tax Specialist who also has an understanding of incorportating Accelerated Depriciation/ Bonus Depreciation. Please advise if this is your area of expertise. If so, I would really like to connect and give you more information about my scenario. 

Thank you, Larry Morris

[Basit Siddiqi]

If you are a broker and an investor, you want to have a conversation with your accountant to see if you are eligible to claim real estate professional status.

If you can claim real estate professional status, the goals would be to offset your broker income/commissions with the rental losses. The rental losses can potentially be increased with bonus depreciation, which you are suggesting.

Speak with the accountant first before proceeding with any studies.

Best of luck!