CPA in NH/MA with STR tax loophole experience

[Danny McGreevy]

Hi BP community!

I live in NH and I am moving to MA. I want to turn my NH apartment, which is one unit of a 4-unit multi-family that I own, into a STR. My W2 income tax was very high last year, and I want to better understand how I can use this tax loophole to offset my W2 taxes.

Are there any local CPA’s well versed in this that would like to connect?


Any general advice is also welcomed!

[Account Closed]

Hey Danny! 

As tax accountants and strategists, we can't self-promote on the forum. To help in your search:

be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise. Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant. Accountants are in such demand, that the best are not even accepting clients half the time.

The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.

Another thing I see is folks thinking they need to have a tax professional in their state. We as a firm have investors working with us who have rental properties all over the US big and small.

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding. Best of luck in your search!