7 must-read tax season tips for real estate investors

As a real estate investor, what should your real estate accountant be advising you about for the 2016 tax season, and the coming of 2017?  

I found this interesting article by George E Dube from BDO who works exclusively with real estate investors.

Here are the 7 must-read tax season tips for real estate investors:

1. Principal residence exemption reporting for 2016

2. Review your tax year - what happened to you and your real estate investments last year.

3. Decide: to CCA or not CCA this tax season.

4. Determine repairs vs capital expenditures...deductions now or over time.

5. Condo special assessments...review special tax treatments with your real estate accountant.

6. Get online now...before your tax deadline.

7. Start thinking about the coming year (2017).