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Updated almost 12 years ago, 03/16/2013

User Stats

59
Posts
15
Votes
John W.
  • Real Estate Investor
  • Texas
15
Votes |
59
Posts

preparing income taxes

John W.
  • Real Estate Investor
  • Texas
Posted

i have read as many threads as i can and have some of my questions answered, but please chime in with your thoughts.
i bought 2 srh's in 2012. one was rented out and the other i bought in Decemeber and wasnt finished until Feb. of 2013 and was rented out March 1. i need someone (H&R Block or a CPA) to help me with this. i have always done my own taxes through Turbotax, but i dont want to miss anything on depreciation or qualified expenses to claim as a loss. I rehabbed both houses and spent good money doing so and want to get all of the tax benefits.
so for the question. would you use a CPA or H&R Block? i know a cpa is likely better, but my situation is not that complex (just more than i can think i should do myself) H&R Block says they will charge $219 to file mine. While a cpa likely is better, i dont know how much they would charge. I have heard of some at $350 per hour. I dont think mine is complicated enough to play close to $1,000 for the work. I am in the dallas area so if anyone has any recommendations for someone local, i would appreciate it.

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