Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
First Year with Rentals (1 so far) and do I need a CPA?
I close on my first rental 4-3 in a college town and I want to set it up right.
Can anyone provide a good reference for a real estate savvy CPA. I live in the Northern Virginia area and the property is in Virginia
Had a conversation with a CPA with 40 years experience, but when I asked leading questions (deprecation, self-employment tax, etc.) his answers conflicted with my research.
The big question I have is if I can be classified as a Real Estate Professional. I have a W2 job with a top 20 general contractor as a Development Manager. My duties focus on development of commercial and large multifamily properties from land acquisition thru operation. Over the last 5 years I have been the manager of three 400+ unit apartment complexes in the DC Metro area.
Thank you for your help,
Jamey
Can anyone provide a good reference for a real estate savvy CPA. I live in the Northern Virginia area and the property is in Virginia
Had a conversation with a CPA with 40 years experience, but when I asked leading questions (deprecation, self-employment tax, etc.) his answers conflicted with my research.
The big question I have is if I can be classified as a Real Estate Professional. I have a W2 job with a top 20 general contractor as a Development Manager. My duties focus on development of commercial and large multifamily properties from land acquisition thru operation. Over the last 5 years I have been the manager of three 400+ unit apartment complexes in the DC Metro area.
Thank you for your help,
Jamey