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Updated about 1 year ago on . Most recent reply

User Stats

4
Posts
3
Votes
Jose Dorado
  • IT
  • Denver, CO
3
Votes |
4
Posts

CPA with experience in out of country investment properties

Jose Dorado
  • IT
  • Denver, CO
Posted

Hi, I accidentally became a REI last year. In March 2023 I purchased property in Cancun then I started renting it on Airbnb. I also started renting an ADU on my home in Colorado to a long term renter. 2/2023

I had no intention on becoming a REI but it appears i am one. Now I need to get in touch with an experienced CPA that can help me setup any legal entity i might need to properly report all rental income and pay taxes on the Mexico property and the Colorado property.

At this time I have no intentions of adding properties or continuing to invest, I just want to get legal.

Thank you for your recommendations.

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