Comment by bombcar
3 years ago
As a general reminder as long as you have a reasonable interpretation of the tax code; even if it is NOT the IRS's (and the judge eventually rules for the IRS), you will likely be clear of penalties.
If you try to avoid ever getting entangled with the IRS you will way overpay.
E.g,: https://johntreed.com/products/aggressive-tax-avoidance-for-...
Would you recommend that book or any others on real estate / real estate taxes? I'm thinking about getting into the market soon.
Anything by John is highly recommended, but he's honest about the whole thing, and small rentals aren't necessarily the greatest.
(To clarify, what I meant by the above is that you may learn enough you don't bother trying to do small-rental (or even large rental) real-estate investing).
https://johntreed.com/collections/real-estate-investment/pro... is a great if almost frightening read