Posted by Steve Avis, CPA on April 23, 2002 at 23:36:40:
Hi Tim,
Assuming that you hire your accountant only to prepare your tax return, your accountant’s job is to make your taxable income as low as legally possible. The amounts you have above in adddition to the depreciation taken on the rental should be creating a loss, which is a good thing (at least for tax purposes).
I would suggest possibly raising the rent to provide a little extra cash flow, if that is what you need.
Steve