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Updated over 6 years ago on . Most recent reply

User Stats

706
Posts
171
Votes
Joshua D.
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
171
Votes |
706
Posts

Taxes- TurboTax vs. CPA?

Joshua D.
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
Posted

Hi guys! 

We've felt like, for a few years now, we're really not getting any tax benefits from owning rental property. And I was curious for all of you, do you do your own taxes, or do you hire a CPA? Right now, we have a CPA that does our taxes. We NEVER get a refund, and it seems as if we should? Our rentals gross around 70k/year, and I have a W-2 job that I make 50k/year at. My husband manages the rentals and construction and doesn't make any income, personally, for it. We have no children, but have one on the way in December. Does this seem like it would be worth it for us to do our own taxes, or not?  We buy 5-8 properties a year, and have 14 rental units. 

  • Joshua D.
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