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 9 months ago,
Importance of real estate specific accountant
Hi,
I am in the early stages of my real estate investment journey and under contract with my first rental property, which I intend to use as an STR. I am technically an active CPA but haven't been actively using the certification in almost 10 years and never specialized in tax, but I still have the general background and understanding. I know how important a real estate specific accountant is especially as I start out, but after a couple years of working with a professional and if no significant changes have taken place and I only have 1 investment property, could I not do the taxes myself? Or is a real estate professional absolutely a must?
thank you!