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Updated almost 8 years ago on . Most recent reply

Nate Denning's profile image
Nate Denning's profile image
Nate Denning
  • Manufacturing
  • from Sheboygan, Wisconsin
  • Member since May 11, 2015
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Nate Denning's profile image
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Nate Denning
  • Manufacturing
  • from Sheboygan, Wisconsin
  • Member since May 11, 2015
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Nate Denning
  • Manufacturing
  • Sheboygan, WI
11
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43
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Tax, SDIRAs & Cost Segregation

1 rental property is cpa needed ?

Nate Denning
  • Manufacturing
  • Sheboygan, WI
Posted
I was wondering others opinions. I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turbo tax for investment properties but have yet to open it since if I do I can't return it. Was hoping to hear others 2 cents. Suggestions and advice is always welcome.
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Jeff B.'s profile image
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Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.'s profile image
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Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

I've never taken a retainer relationship with a CPA, but always used one since taking on REI. Bookkeepers and Turbo software barely scratch the surface, even for just one unit.

Take to a pro and learn to do it right and sleep well when you file.

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