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Updated over 1 year ago on . Most recent reply

User Stats

16
Posts
12
Votes
Ben Kagel
  • Investor
  • San Jose, CA
12
Votes |
16
Posts

Looking for a CPA to help with tax strategies (2 rentals, 1 primary)

Ben Kagel
  • Investor
  • San Jose, CA
Posted

Hi, my fiancé and I are looking for a new CPA. Our prior one was just a generalist, and we didn’t feel confident that we were getting the best advice on our rental properties. She bought a condo in Oakland in 2021 that is producing negative cash flow. I bought a condo in San Diego in 2020 that is producing cash flow and has significantly appreciated. Together, we’re in escrow on a new primary residence in SoCal. We’re looking to sell the Oak property (likely at a loss). We’re hoping a CPA can give us proper guidance on tax advantages - e.g., what can we use the losses against? What tax advantages are there to holding versus selling? Would it make sense to sell after we’re legally married, before, or together but filing separately? Etc. 

Also, would be great to understand the average cost of a CPA for tax planning and filing in CA, so we have a frame of reference. 

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