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Updated about 6 years ago on . Most recent reply

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36
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Micah Watson
  • Rental Property Investor
  • Greenville, MI
9
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36
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Do I need a CPA? Recommendations?

Micah Watson
  • Rental Property Investor
  • Greenville, MI
Posted

I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I'm in West Michigan.

Most Popular Reply

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Chris Mason
  • Lender
  • California
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Chris Mason
  • Lender
  • California
ModeratorReplied
Originally posted by @Micah Watson:

I began renting my first and only SFR this passed April. Should I use a CPA to prepare my taxes or will my usual online software do the trick this time? Also looking for recommendations. I'm in West Michigan.

 Landlords should almost always use a human professional to do their taxes. You're (partially) self employed as a landlord now.

Want me to tell you how many new landlords I've encountered that couldn't get an additional mortgage at all for an entire year because some automated software mangled their Schedule E? 

  • Chris Mason
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