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Updated over 2 years ago on . Most recent reply presented by

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Blake Andrus
  • Loveland, CO
5
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16
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Tax advisor/Tax prep

Blake Andrus
  • Loveland, CO
Posted

I have decided to move on from the family accountant who has little background in real estate.  I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings.  I would classify my knowledge as weak in the tax realm.  I'm looking for tax advisor/prep suggestions in the Northern Colorado area.  I understand that today's technology makes it easy to do business with anyone almost anywhere.  Therefore, I'm open to any quality candidate.  Suggestions?  

Most Popular Reply

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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
6,081
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5,184
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Michael Plaks
#1 Tax, SDIRAs & Cost Segregation Contributor
  • Tax Accountant / Enrolled Agent
  • Houston, TX
Replied

@Account Closed

The solution is to amend your prior tax return and remove it as income. It never was income, it was a loan.

  • Michael Plaks
  • Loading replies...