Need a CPA for the First Time -- Advice on Finding the Right One

[Benjamin Forest]

BACKGROUND: I own 6 properties in 3 states (CA, AL, and TX), plus I moved to UT this year. This means 3 state files (nothing for TX) plus the federal. I can handle all that in my taxes as I have for years... BUT I did my first 1031 this year and I don't want to screw it up. Also, my H&R Block software doesn't seem to play well with the 1031.

QUESTION:Any advice on selecting a CPA? Obviously, I need somebody who has familiarity with 1031s, real estate, and multi-state scenarios. Will most/all CPAs handle that well or do I need somebody who specializes?

Side-question: roughly what would one expect to pay?

Thanks!

Ben

[Anthony Wick]

I asked my banker and other property owners from my real estate investors assoc (REIA) to recommend somebody for me. Then I asked said CPA if he had done taxes before for my situation. For cost, the answers will be all over the board. For my LLC with three unrelated partners (Three K-1's) and my personal taxes, I pay about $750 total. But I am extremely organized and have everything on spreadsheets. I've also heard of BP members paying $2k. A 1031 and properties in 3 states? I sure wouldn't expect the $700 figure. But definitely ask at least 2-3 CPA's in your area so you get an idea, just like you would get bids from contractors.