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Updated about 8 years ago on . Most recent reply

User Stats

105
Posts
22
Votes
Crystal Wilson
  • Rental Property Investor
  • Denver, CO
22
Votes |
105
Posts

Colorado cpa taxes questions

Crystal Wilson
  • Rental Property Investor
  • Denver, CO
Posted

bought my first condo in colorado springs. I live in denver. Bought it aug. 11th 2016. Started renting it out jan. 1st 2017. Got it with an fha loan. Not allowed to rent it out for a year.. Put about 5 grand into it. Kept all receipts. I need to get my taxes done and i want as much as possable back. But im woundering will i get more back if i say im renting it out? And will i get in trouble if i let the goverment know im renting when im not supposed to.  Please let me know any suggestions. And maybe a reference on who to go to to do my taxes? Thanks

Crystal

Most Popular Reply

User Stats

124
Posts
34
Votes
Ryan Sanders
  • Realtor
  • Colorado Springs, CO
34
Votes |
124
Posts
Ryan Sanders
  • Realtor
  • Colorado Springs, CO
Replied

I use @Brandon Hall as my CPA as he is a real estate investor and knows the ropes well.

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