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Updated almost 3 years ago on . Most recent reply

User Stats

17
Posts
4
Votes
Adam Young
  • Rental Property Investor
  • Dfw Airport, TX (DFW)
4
Votes |
17
Posts

CPA help Needed

Adam Young
  • Rental Property Investor
  • Dfw Airport, TX (DFW)
Posted

I have a few questions first:

1. Does it make sense to have a CPA with 2 rentals? 

2. I didn't do the 1099 this year for my tenants, what would be the best plan for this year and forward? 

I'm looking for someone I can build a good working relationship with going forward, highly recommended, and that is a reasonable price for the work being supplied. Hopefully they could help me out throughout the year on tax changes, pointers to help future taxes, etc. 


I'll take any information or recommendations. 


Thank you in advance!!

Most Popular Reply

User Stats

2,934
Posts
3,696
Votes
Linda Weygant
  • Investor and CPA
  • Arvada, CO
3,696
Votes |
2,934
Posts
Linda Weygant
  • Investor and CPA
  • Arvada, CO
Replied

Based on your 2nd question, I'd say you're already at the point where you may need guidance from a professional.  Landlords don't 1099 tenants.  I'm wondering what else you're misunderstanding/reporting incorrectly on your tax return.

BiggerPockets now has a CPA referral page:

https://www.biggerpockets.com/...

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