Looking for CPA recommendations

[Justin Garrett]

Hello, I am just reaching out to see if any one has recommendations on CPA. I have sold two properties and bought two one with seller financing. Thanks for the help Justin

[Basit Siddiqi]

@Justin Garrett

Were the 2 properties that you sold investment properties?
If the 2 properties were investment properties - you may have benefited from doing a 1031 exchange instead of selling 2 properties and buying 2 properties. too late now but something to think about in the future.

For the property that you acquired with seller financing - please make sure to separate any payments going to the seller as principal and interest payments. principal payments decrease your liability with the seller while any interest payments are deductible on your tax return as interest expense.

Stay safe as you go overseas! 
Feel free to connect with me if you have any specific tax questions!