Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Kristoffer Bergen
  • Bellevue, WA
1
Votes |
11
Posts

First Tax Filing for LLC - DIY?

Kristoffer Bergen
  • Bellevue, WA
Posted

Hi all. I would like to know if I can file my LLC business tax return myself? Here are my details, which to me seem as simple as possible so wondering what my options are.

Set up LLC in Jan 11, 2018 - WA is home address with 2 homes in TN.
Purchased 2 homes (cash) -- June
Set up bank account for LLC
1 home rented, 1 vacant
Transferred titles for 2 homes into LLC (Sept)
** LLC has 2 operators, myself and my wife, no additional employees
** To date I have not set up any actual transactions. Aka all rent is coming into my personal account.

I am a noob here but after 2 estimates cost to file is around $1500-$1700. Because I don't have many properties this feels very expensive and eats into my cash flow. Anyway I can do this myself OR is this something too complex for a non-expert?

Most Popular Reply

User Stats

2,070
Posts
1,602
Votes
Daniel Hyman
  • CPA
  • Milwaukee, WI
1,602
Votes |
2,070
Posts
Daniel Hyman
  • CPA
  • Milwaukee, WI
Replied

@Kristoffer Bergen

You received some great advice from @Eamonn McElroy

I agree. Based on the info provided, those tax prep quotes sound high.

  • Daniel Hyman
business profile image
My Online Accountant
5.0 stars
70 Reviews

Loading replies...