wANT TO TAKE YOUR RENTAL LOSSES AGAINST YOUR INCOME?
FREE TEMPLATE: Download this Tracker to learn how to deduct rental losses against your income!
IRS LETTER... YOU'RE UNDER AUDIT!
One of our clients recently got a letter in the mail that they were being audited.
My client called me frantically, panicking and in disbelief!
I had to remind him that not only did he have the best CPA to help defend him.
But he also had a really good timelog.
You see the key to winning an IRS Audit is to be prepared.
All of our clients who are deducting rental losses fill out timesheets.
Download this sheet to save your ass in the event of an IRS Audit.
When you download this template, here's what you'll get:
My hours tracker: This is the template I personally use when I am tracking my material participation hours for tax purposes
Step-by-step training on how to use it: Where to plug in your data, what properties you work at, hours spent etc!
BONUS - Real estate glossary: A video guide going over everything you need to know!
Meet Your Real Estate Advisor:
Ryan Bakke, CPA
Founder, Tax Strategy 365
Real Estate Investor
Want to be prepared for an IRS Audit?
