Tax, SDIRAs & Cost Segregation
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 about 3 years ago on . Most recent reply

Do I need an accountant?
Hey BP! I bought a duplex in August. We moved in and rehabbed 1 side so far. Did all the work myself. I have always done my taxes myself, but does owning a home with a tenant change things? Should I just cut out the possible headache and get them done? Can I write off the 3k in tools I bought? What about the truck I bought for the hd runs?
Most Popular Reply

Natalie Kolodij
Tax & Financial Services
Pro Member
- Tax Strategist| National Tax Educator| Accepting New Clients
- 4,448
- Votes |
- 3,700
- Posts
Honestly house hacking is one of the most common starting methods of real estaet but one of the trickiest for tax purposes.
I'd recommend retaining a professional to make sure it's set up correctly and you're maximizing allowable deducitons
I'd recommend retaining a professional to make sure it's set up correctly and you're maximizing allowable deducitons

Kolodij Tax & Consulting