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Looking for new CPA for tax advice, we own 4 properties (9 Doors) in WA, OR, and CA
Hoping to connect with a CPA or professional tax advisor that has experience in real estate. Our current accountant is wonderful but has limited expertise in navigating the real estate realm. We are excited to discuss strategies to maximize our returns and grow our portfolio while being mindful of complex tax implications. Looking forward to any and all referrals!
- Accountant
- Princeton, TX
- 62
- Votes |
- 126
- Posts
Hi Anthony! I would highly recommend reaching out to some of the accountants you see active in the forum. BP also has a cool feature that allows you to find a real estate specific accountant. I believe you can click "Build Your Team" then select "Find a Tax & Accounting Pro"
Good luck!
- Tax Strategist, Financial Planner and Real Estate Investor
- Atlanta, GA
- 730
- Votes |
- 1,982
- Posts
I recommend finding an accountant who specializes in real estate taxation and tax planning. You may want to consider working with your accountant remotely to expand your options.
I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.
Good luck.
- Accountant
- San Diego, CA
- 456
- Votes |
- 1,065
- Posts
Quote from @Joshua Thompson:
Hi Anthony! I would highly recommend reaching out to some of the accountants you see active in the forum. BP also has a cool feature that allows you to find a real estate specific accountant. I believe you can click "Build Your Team" then select "Find a Tax & Accounting Pro"
Good luck!
This is the way. We cant promote our firms on BP directly!
You have propertes across different states, make sure to work with a professional who understands multi-state taxation and real estate taxation.
Just a friendly reminder that each state operates differently - some treat bonus depreciation differently and provide different tax credits / deductions.
Best of luck
-
CPA
- Basit Siddiqi CPA, PLLC
- 917-280-8544
- http://www.basitsiddiqi.com
- [email protected]
- Accountant
- Princeton, TX
- 62
- Votes |
- 126
- Posts
Quote from @Basit Siddiqi:This is gold! Do not overlook this. I've seen mistakes regarding multistate returns and bonus depreciation and it causes a LARGE swing in state taxes if done incorrectly.
You have propertes across different states, make sure to work with a professional who understands multi-state taxation and real estate taxation.
Just a friendly reminder that each state operates differently - some treat bonus depreciation differently and provide different tax credits / deductions.
Best of luck