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Updated almost 6 years ago,
First time Landlord needs info on Taxes
This is my first year doing taxes while having my investment property. Property is located in Ca. Long story short I would think there would be some sort of refund i would receive for paying high property taxes,repairs,evictions and interest rate ect. I just spoke to my cpa and he’s telling me I owe money to the government??? Meaning I get $0 from my W2 and $0 from my investment...
Does this sound right?
Or is this the real nature of invesment properties?
Or should I just look for a different CPA?