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After several years of recovery for bad "real estate" investments (including some rotten luck), I now need to consider protection from taxes. My only tax deduction is my mortgage which will still have me paying around 14-16K in taxes. My advisor is talking about tax credits from low income housing investments. It looks good on paper, but I don't know anyone that has done this before. Does anyone out there have any insights into this protection; pros; cons, etc. I'm a little nervous because it ties up a lot of money for many years.
Thanks for any help.
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