Keep using Turbo Tax?

[Jonathon Young]

Hello everyone, 

I bought my first rental last year in November (2022) but after rehabbing it myself, I did not have a tenant until January of this year (2023) so I did not make any profit to show on taxes. Would there be any benefit to hire a CPA or accountant to help with last year's taxes or should I continue to use turbo tax this year like I have the previously. Thanks in advance!

[Doug Smith]

This doesn't answer your question, but I am right there with you. By the way, my undergrad is in accounting and I have been a banker/lender in addition to a personal investor for 32 years. That being said, I can't find an accountant that I've enjoyed working with. I'm on my third accountant in 4 years. My first I had worked with for a long, long time, but he started forgetting to file things and I was getting letters from the IRS. I would give them to him and he would ignore them. Upon a recommendation, I tried someone else. They milked the bill. For example, I got a call out of the blue from the CPA to see how I was doing. A couple of weeks later I got a bill for the call. He had to go. This past accountant, also from a recommendation, is a "mill" that isn't much better than Turbo-Tax. I sent over an IRS letter that we received on his work and got a "that's not my job" email back. I'm seriously considering going back to doing it myself. I don't have the time nor the expertise, but it can't be worse than what we've had in the last few years. It doesn't answer your questions, but I'm just piling on.