Can someone please tell me if my assumption is correct or totally wrong? When flipping a property, I am using QuickBooks and I created an Other Current Assets account to track everything associated with a given proper...
Hello Everyone,I am looking for a recommendation for a solid tax accountant in the New Bedford, MA area for handling investment properties. Any recommendations would be great!Thank you!Matt
BP Community I need some help. First off I understand that you are not a tax professional (and even if you are you are not giving me professional advice). I plan to speak with my tax advisor on Monday but I need to cl...
Hello,Does anyone have any recommendations for an accountant in MPLS/ST Paul? Looking for someone familiar with rental properties and short-term vacation rentals.Any help would be appreciated,Thanks
Hey BP,
About 2 months ago we closed on a 7 unit that only had 2 units rented. We have done some minor rehab and upgrades. Now there are 5 units rented and we need to upgrade the propane systems. Currently the prope...
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
Hey BP community,
Does anyone have a good real estate accountant in the Snohomish/King County Washington area?
at what point would your reccomend finding an attorney and an accountant. as I listen to podcasts all day I hear multiple times you need to find a good one but at what point, at your first property or later when you c...
In Search of Certified Public Accountant recommendations:I'm looking for a real estate specific CPA familiar with Florida laws. Able to meet quarterly for tax strategy planning. I would prefer local (Destin, Fort Walt...
Looking for an accountant in the Chicagoland area familiar with Real Estate investing and tax deductions. Also looking for someone who can give advice on switching a Corp to Wyoming from Illinois vs. starting new LLC ...