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Updated almost 2 years ago,
Taxes profit mortgage
Hello, I hope somebody can help me or guide me to find help. I tryed asking accountants but nobody was able to help me.
I have a business where i can play with my income and also rental properties.
I do like to show nice profit every year so that way i will always have the ability to get mortgage on investment property if some deal comes across.
My question is, i have been paying so much money to irs, i was wondering is there a way to save that money or pay them somewhere else without reducing my profit which would be taken into account when getting mortgage?
If i get retirement account, that money which i invest there decrease my profit so that wont work for me.
thanks for any input