Seeking Tax Proffessionals - w2 + STR portfolio.

[Gururaj Iyer]

Hi, seeking a tax professional or company who can take care of filing taxes for 2022 , Also need help with 2021 . STR portfolio consists of 5 Active listings spanning across NJ, PA & VT. The intention is to have someone knowledgeable assist in Tax planning & consults at the same time help with restructuring via LLCs( aware that it may need a RE attorney ) . The portfolio is growing but not there yet to afford a super expensive accounting firm , preferring to stay within reasonable rates until we can grow the portfolio alongside.

[Michael Baum]

Ok, @Gururaj Iyer, so you have one LLC that holds all 5 STRs?

You won't be triggering any due on sale clauses then which is good.

I would take a look at the series LLC. @Scott Royal has often talked about it as a way to protect each asset. You have an LLC as the parent and you have child LLCs under that. It is a simpler way to managing things.

You can read some articles he has written for BP - https://www.biggerpockets.com/...