Real Estate Accountant

[Robert T.]

Hi: I am in Texas and have organized our investment properties into several LLCs. For many years my spouse & myself have been filing 1040s jointly with pass down income from the LLCs and separate1065s for each LLCs. It appears from talking to a friend that it may be possible to just file a 1040 and thus omit the tedious 1065s and 1120- one apparently has to do schedule E for the pass through income for the 1040. Texas is a community property state and thus the spouse partner LLC may be considered a disregarded entity? Normally, we would approach our CPA for this but he is retiring and we would like to seek out a new CPA anyway who is comfortable with doing this transition. Has anyone good experiences with a reliable CPA and can recommend one that specializes on real estate investors?