Tax season questions

[Alyxandria Welch]

Hello everyone! 

I would like to hear what other landlords keep track of during the year to make their lives easier during tax season. Also, what do you use to keep track of these things (QuickBooks, spreadsheets etc.). I am new and only own one duplex right now so I am open to suggestions. Thanks!

[David M.]

@Alyxandria Welch

To add onto @Bill Hampton 's post, if you use an accountant to prepare your tax returns, find out software systems they can use.  Since you are asking about doing the bookkeeping, you might was well do the bookkeeping in a software system that the accountant uses.  Otherwise, you'll be paying them to redo all your bookkeeping, in a way, so that they can prepare the return.