
Ep 80 - How to Make the Tax Code Work FOR You with Brandon Hall, CPA
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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Is Schedule E Complete?
The most important form that very few people look at, but every single person that owns rental real estate should look at once a year. It's form eight five eight two. If you aren't tracking that, your c p a may mess up, especially in years that you switch c p a firms. I have helped clients recover hundreds of thousands of dollars in mis suspended passive losses because they switched firms three times when one of the firms forgot to carry forward the loss. You need to know what you're carrying forward not only to protect yourself from errors, which we can make, but also to remindyour self of how much money you are saving.
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