All Forum Posts by: Matt S.

Quote from @Russell Brazil:

If there is no income, then those deductions do not deduct against anything. 

 Does this apply if filing taxes jointly with a spouse that has income? Or if you have investment income?

Quote from @Robert Anthony:

Anyone have a tax planner that is well versed in both real estate AND crypto? Need to move on from a CPA that just plugs in the numbers, and find someone that understands the ins and out of both investments, especially on the crypto side. Cheers. 

Primarily looking in Seattle, WA, but open to online

Hi Robert, curious if you found someone in the Seattle area? I fired my CPA because they were just plugging in numbers too, and despite requesting and paying for tax planning they would never answer my questions or give guidance. I'm also looking for someone, particularly if they are familiar with realtors, ag land investments, and tech workers.

I'm a new realtor (mid career shift with a spouse that's still salaried). I'm making a number of life changes over the next 6 months that will have a large effect on my taxes. I've been searching for understanding on how these choices will affect my personal financial situation, which will dictate the choices I make. Are there any good guides that can help, especially where you can see how adjustments will flow through to the final result? For example, I'm considering buying a new car, and the amount I spend and how I buy it will have specific affect on my taxes as a realtor, and on top I'm not sure how much can be deducted this year if I don't have income right away. The same goes for a house purchase, in particular I'm considering buying larger so I can have a dedicated office, which would also be a deduction, I just don't know how much. I know there are lots of these little decisions, and I'd like some better understanding before making them, I just dont know how to get it.

Anyone have a guide or advice?