This year has been a crazy year of change to my financial status where I feel a bit overwhelmed to stay ahead. I currently make $280k, and have about 100k in rsus (ideally i dont want to cash them in and hope to be able to keep for at least a year), helped a family member with purchasing a home for $200k so on paper i hold title and I think its considered investment property for tax purposes, and helped another family member with starting a sole proprietor business so also on paper I am responsible for all income and taxes. All of this is new to me. Ive heard there are certain tax deductions that I can take advantage of like deducting a portion of the home as business work space and meals as business expenses. Any other tax advantages I can use — from the RSUs, home or business?
Hire a CPA to do the taxes for you.