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Updated 3 days ago,

User Stats

26
Posts
12
Votes
Brendan M Hornung
  • New to Real Estate
  • Santa Monica, CA
12
Votes |
26
Posts

Sub-To Tax Advice Needed

Brendan M Hornung
  • New to Real Estate
  • Santa Monica, CA
Posted

Hello everyone,

I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL. I have had it rented out for longer than six months and I am looking to file taxes for the first time with an investment property in my name.

Does anyone have any advice on filing my taxes this year? Since it is a sub-to deal should I use Turbo Tax, a general CPA, or a CPA specialized din sub-to?

The property is in my name, but I will be switching it to an LLC this year.

Any tips and pointers help out! If more information is needed please send me a message on BP.

Thanks,

Brendan H.

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