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Updated over 5 years ago on . Most recent reply

User Stats

33
Posts
5
Votes
Tierra Petersen
  • Rochester, WA
5
Votes |
33
Posts

How Much Do you Pay on Taxes for Rentals in WA state?

Tierra Petersen
  • Rochester, WA
Posted

I decided that I need to start paying taxes on my rental units. Is there anyone in Washington that can tell me about how much they pay in taxes for their rentals? In a few months I'm hoping to have up to four rentals. I'm curious if I should go at it alone or hire a pro. Let me know your opinions!

Thanks,

Tierra

Most Popular Reply

User Stats

55
Posts
19
Votes
Melody E Bergloff
  • CPA
  • Utah
19
Votes |
55
Posts
Replied

@Tierra Petersen

I would definitely consider in hiring a tax professional. A few common expenses/deductions that I see real estate professionals miss relate to the home-office deduction, office expenses, depreciation, supplies, etc. 

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