Took to big of a deduction this year??

[Richard Arden]

I need some advice on how to tackle this issue I am having with funding.

I just refinanced my first deal and I am looking to get the second. I just talked to my broker about lending options and the news is not great. In accordance with my 2019 tax return I am not making enough income to qualify for a conventional loan due to all of the deductions I took using my rental. My broker advised me to contact my CPA to amend my schedule E to take less of a deduction. Maybe I would have to pay 2 grand of my refund back.

Should I continue down that path and take smaller tax refunds?

Should I find a hard money lender and refinance later?

Should I try something else?

I don't have anything in pipe yet. I am just in the planning phase.