In need of CPA First time filling taxes with rental income

[Ben Smith]

I purchased my first property last year. It is a single family house with a mother in-law suite. I have been living in the mother in-law suite and renting out the main house. I have several questions about what I can and cannot write off when it comes to taxes. In y’all’s opinion do I need a CPA or should I just go to a Jackson Hewitt/H & R block?

[Bill Crow]

@Ben Smith

It may be worth the expense to pay a CPA for the expertise in answering your questions. They can tell you about the important tax aspects including depreciation for your situation. Doing it right the first time will save you a lot of grief in future years.