Filing taxes, CPA or DIY?

[Alfred C Dunlap]

I've been wholesaling since October. Plenty of marketing, but I haven't closed any deals yet, so no income yet just expenses. So how should I file my taxes, CPA or diy (turbo tax, HR Block)?

[Basit Siddiqi]

@Alfred C Dunlap

I will find it hard to believe that someone in H&R Block will be able to understand the wholesaling business that you are doing.

I would instead look for an accountant/CPA who is a frequent contributor to the biggerpocket forums.

It doesn't necessarily matter that you did not have any sales or revenue for you to start claiming expenses on your tax return. You do however, need a business(not necessarily an entity) to start taking deductions. This should easy to prove if you were actively trying to get sales.