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Real Estate Investors and the Paper Trail |
As a CPA, I'm often contacted by clients looking for damage control on tax issues. Sometimes I'm able to help them, but other times I can't. What frustrates me the most is that in many of these cases I could have helped, if only the client had come to me before getting into the deal. Jumping into a real estate investment without understanding the tax or accounting consequences of the deal can wind up costing you thousands, and, as far as I'm concerned, is the biggest mistake real estate investors make.
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