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2 September 2024 | 11 replies
I'm not a tax advisor or CPA so LOL I can't comment on if you need to or not.
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3 September 2024 | 50 replies
Quote from @Bryan Martin: I invest and live in Springfield and also run a CPA firm that specializes in Real Estate investment.
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5 September 2024 | 15 replies
It sounds like we will determine the best path with a CPA to make sure we both have equal ownership in the property.
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2 September 2024 | 4 replies
You also would need to properly account for all of this.You would want to discuss your specific situation with a qualified CPA to determine if this can be done and if it really benefits you any.
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1 September 2024 | 6 replies
@Aaron OrensteinI would talk to a CPA
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31 August 2024 | 16 replies
@David Narvaez My partner used a CPA the past two years and both got the real estate portion of her taxes wrong.
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28 August 2024 | 22 replies
Many people mentioned that it is strongly recommended to have a CPA as a part of the team.
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31 August 2024 | 12 replies
Thanks in advance for patiently answering my question.PS: I don't have a CPA, and I'm in the process of getting one, but I wanted to get a frame of reference so I can roughly compare notes with anything my future CPA would propose.
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2 September 2024 | 24 replies
Finally, two other things that you can look into or talk with your CPA to see if there could be any advantages to you (you may be phased out due to income for some) is the Section 199A pass-through deduction, which would require you to start tracking hours spent on your real estate enterprise, as well as the possible CA SALT tax workaround in case you were interested in deducting more than the $10k state and local tax cap for the next few years.If you need referrals for professionals in any of these areas in the San Diego area, feel free to reach out.