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Updated over 4 years ago on . Most recent reply

Jeff Rutland's profile image
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Jeff Rutland
  • Investor
  • from Boise, ID
  • Member since Jul 22, 2020
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Jeff Rutland's profile image
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Jeff Rutland
  • Investor
  • from Boise, ID
  • Member since Jul 22, 2020
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Jeff Rutland
  • Investor
  • Boise, ID
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SFH Portfolio: Do you use an accountant for filing taxes?

Jeff Rutland
  • Investor
  • Boise, ID
Posted

As I accumulate SFHs for passive income, I'm wondering if I need an accountant. I've always done my own taxes (including a single rental) using TurboTax. I'd love to hear folks thoughts on the pros/cons, especially those of you who have a sizable SFH portfolio.

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Cameron Tope
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  • from Katy, TX
  • Member since Jan 6, 2015
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Cameron Tope
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  • from Katy, TX
  • Member since Jan 6, 2015
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Cameron Tope
  • Property Manager
  • Katy, TX
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Cameron Tope
  • Property Manager
  • Katy, TX
Replied

Hey Jeff,

I look at accountants as the cost of doing business. They also keep up to date with changes to the tax code that you may need to know. Once you have several rentals, a solid accountant will pay for themselves multiple times over. 

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