Find out why using a tax professional at Chandler & Knowles CPAs can help you save money for your real estate investment.
Investing into properties are becoming more and more popular, and at Chandler & Knowles CPAs we have a lot of clients who are into real estate investing. If you are looking for real estate investment help then you need to contact us up front so that we can talk about the differences between flips, rentals, etc. What most people don’t know is that there are tax consequences to each one and our professionals can help you decide which option is best for you.
Something you should consider if you’re looking at going into property investments is that when you come into meet with our team at Chandler & Knowles CPAs and we go through our consultation we’ll talk about things like:
“What can I deduct?”
“What does it mean when you say it’s only deductible once it’s ready for rent?”
“When can I start taking depreciation?” and “how much?”
We have had clients who’ve come in and they have dumped thousands of dollars – maybe even hundreds of thousands of dollars – into this property thinking it’s all going to be deductible this year and they’re going to get a tax break. Unfortunately, what they don’t know is the tax law has changed quite a bit in their area and many times none of that is deductible. If you come talk to a professional at Chandler & Knowles CPAs then we can help you with that, we can help you know when it’s deductible, how much, and how much it will help you on your taxes on some point in the future.
Contact a Real Estate Tax Professional Today
To learn more about our real estate tax services contact us today at (817) 430-3000, or fill out our contact form to schedule your appointment at one of our offices in Flower Mound or Addison, TX. Not from the area? We are still happy to assist you over the phone or through email.