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39
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Tatyana E.
  • California
5
Votes |
39
Posts

HR Block or CPA?

Tatyana E.
  • California
Posted

I'm a new landlord and I can't decide whether I have to do my taxes at HR Block or shall I go to CPA.

Last year I brough my mother to the US from abroad (adding dependant), bought 2 houses, paid cash for both but took the money from HELOC on my place to buy a rental one (means I have payments like mortgage but not mortgage - ?), got a property manager (and paid her), got tenants (and 1st month rent and deposit), went through eviction process (eviction attorney fees etc.), fixed the house (expenses), put it back to the market (expenses).

In the meantime I pay property tax, water, sewer, garbage, HOA etc. for 3 houses - my mother has no income but she lives separately, so it's my place, my mother's place (I'm the legal owner) and rental.

Off course, I have full time job.

Is it something complicated that CPA should handle or is there nothing complicated and HR Block can handle it?

Thank you so much in advance!

Most Popular Reply

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8,666
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4,017
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Jon Klaus
  • Developer
  • Garland, TX
4,017
Votes |
8,666
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Jon Klaus
  • Developer
  • Garland, TX
Replied

Go with a CPA with real estate expertise. Start a long-term trusted adviser relationship that will pay dividends for decades. Here's one of many reasons; when the IRS audits you, who do you want to go to bat for you?

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