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Updated about 3 years ago on . Most recent reply

Wesley Mullen's profile image
Wesley Mullen's profile image
Wesley Mullen
  • Investor
  • from Norman, OK
  • Member since Jan 6, 2021
  • Posts 56
  • Votes 21
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

56
Posts
21
Votes
Wesley Mullen's profile image
Wesley Mullen's profile image
Wesley Mullen
  • Investor
  • from Norman, OK
  • Member since Jan 6, 2021
  • Posts 56
  • Votes 21
  • Experience 4 Yrs
  • Investments 1
Connect
Wesley Mullen
  • Investor
  • Norman, OK
21
Votes |
56
Posts
Tax, SDIRAs & Cost Segregation

Filing Taxes on your Own with REI Partnership

Wesley Mullen
  • Investor
  • Norman, OK
Posted

Situation: I am partnered with my brother and sister-in-law in our real estate investing. We currently have one property (acquired in 2021) which is in both of our names. We both got our own 1099s from the PM.

Is it feasible to file taxes on my own or should I consult a professional? I'm confused if I should put the full figures when inputting info or halve everything? (I.e. mortgage info, rent income, expenses, etc). I have a W2 job so have always filed on my own previously, but my brother is self-employed so he has a tax accountant.

Thanks in advance.

Wes

  • Wesley Mullen
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