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Updated 18 days ago on .
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Local CPA vs Remote CPA
Hi, I just moved to San Diego and started real estate investing last year. I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals. Now it comes to the tax season and I am looking for a local CPA who has good experience with REI. I had a great CPA on the east coast where I used to live but I am hesitant to do taxes remotely. I know many people have done it this way, but two major parts I am concerned about are 1) how do you handle all the paperwork such as W2's, 1099's business records, etc. without meeting in person? 2) does an out-of-state CPA know well of the state taxes? Please share your experience whether you prefer doing taxes locally vs. remotely. Also please recommend a local CPA here in SoCal who has experience with REI if you know any. Thank you!
Most Popular Reply
Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.