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This is more related towards giving tax advice not accounting and I really need help answering the 2 questions below with 2 separate answers/explanations. Thank

This is more related towards giving tax advice not accounting and I really need help answering the 2 questions below with 2 separate answers/explanations. Thank you so much in advance for any help!

Tax Question Example: Your customer tells you that they just bought a rental property and are not sure how it will affect their tax situation. They share that they are concerned it may have been the wrong decision to purchase the property due to the unknown tax consequences.

1.) How would you handle their concern about the tax consequences? Answer:

2.) What are the first three questions you would ask to assess the situation? Answer:

image text in transcribed 4. Tax Question Example: Your customer tells you that they just bought a rental property and are not sure how it will affect their tax situation. They share that they are concerned it may have been the wrong decision to purchase the property due to the unknown tax consequences. a. How would you handle their concern about the tax consequences? Answer: b. What are the first three questions you would ask to assess the situation

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