Quote:
Originally Posted by capt_slow
You're right, I did leave out some of the details. Modified my OP.
I know a lot of people at work that got burned by the Trump tax cuts. One bought a home in the middle of that tax year, they were disappointed come tax time.
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Best advice is still to get with your CPA and have them model it. Should be a simple fee for time spent on the modeling and they can use your prior year returns with more specifics than you should be comfortable sharing here to give you an idea of how buying the property you’re thinking of will change your situation. We did that prior to buying our first home and it was helpful to know how our cash flow and taxes would change.