Looking for a CPA in Ohio

[Alex Bacon]

Hello all, 

I'm purchasing my first multi-family property in the Cincinnati area closing May 14th. Any good suggestions for a CPA that knows real estate taxes in Ohio?  

Thanks, 

Alex 

[Logan Allec]

Alex, congratulations on your purchase.

Typically people work with CPAs in their home state.

Obviously you will have to report your rental income on your federal return and California return, and you may have to file an Ohio return as well, depending on your income from your rental.

Now, Ohio's cities also has tend to have these "wonderful" municipal taxes.  So you will also have to file a Cincinnati Individual Tax Return.  Since this one is a little quirky, allow me to elaborate.

Here are the basic steps.

1. Make sure that your property is in fact in Cincinnati.  Many properties are listed as "Cincinnati" but are actually in a neighboring township that has its own tax filing.  You can  to confirm that your property is in fact in Cincinnati.
2. Open a new account with the City of Cincinnati Income Tax Division.  You can fill out the application here.  I recommend faxing it to the city to Tammy's attention.  You generally want to have your account number set up before filing your Cincinnati Income Tax Return.  You can call back within a couple weeks of completing this application to obtain your account number.
3. File your Cincinnati Income Tax Return.   once it's released, attaching your federal Schedule E and supporting schedules for the Cincinnati properties.