Just closed on a short term in SC, how do I choose a CPA?

Question

My wife and I just closed on our first short term rental property in South Carolina. We are looking for a CPA to tax plan and help us reap all the tax benefits of real estate investing. Should we look for someone in New York, South Carolina or does it matter where they are located?

Travis Lake · Answer

Where did you purchase in SC? How’s that STR going? I am looking as well. I use McGregor and Company in Columbia for my long term rentals. They are excellent.

Michael Morelli · Answer

Thanks @Basit Siddiqi, that gives me a better understanding on where to start.

Basit Siddiqi · Answer

@Michael Morelli

New York State tax laws are more complex than South Carolina tax laws.
Your SC return will be a non-resident return and include for the most part only your rental property from SC.

Short-term rentals have a lot of similarities from their long-term counterparts...but also have many differences for tax purposes.

best of luck to you in your search

Just closed on a short term in SC, how do I choose a CPA?

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