Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 7 months ago,
$5k For Cap Gains/Tax/Opinion Quote - that reasonable?
I’ve been quoted $5k to have a cpa tax attorney (firm) crunch wife and my numbers to determine possible cap gains on sale of rental. They’ll determine best route in how to essentially to pay the least amount in capital gains, should we sell, 1031, invest etc. being attorneys they can do a little more than CPA’s my research says.
Wondering if the $5k and an about a month time is worth it?
My understanding is in their ‘opinion’ they can be creative in some areas of 1031 or 121.
Wife and I are late 30s with two little kids and the $5k could fix both bathrooms in the rental we want to sell. Granted there is some peace of mind having a tax attorney cpa sift through our financials and dates and lay out for us various plans.