A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

That will show what proposed tax increase you will see.

We are in a very low tax bracket this year but should be 10% higher in 2025.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

I am seeking mentors and or guides to help me invest in business that can eventually help offset W2 income tax.

So you have this shadow plat underneath a 10 acre lot The county assessor since its all one ownership would just show the acreage and no individual lots IE not give them apn #s so if you were looking at the county assessor maps you would just see this 10 acre lot..

Certainly more areas with lower property taxes.

How is it a tax strategy though?

Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.