Help - Transitioning mu SFR to a rental property

[Kenneth Kussman]

I have transitioned my SFR home to a rental property in Jan 2019. I have been renting it out for one year. I have a separate checking account for the rental only. All rents go in and all expenses go out. I have a positive cash flow.

It's tax time for me this week. I am trying to figure out how to best file, having an investment property, but not having a huge tax bill. 

I guess I need an investment tax specialist? 

[Layne T.]

@Kenneth Kussman

This is pretty basic for a tax cpa, I echo Brian Davis's comment above. This is complicated potentially for someone who's not a tax cpa, and tax laws change all the time. A tax cpa can be worth their weight in gold, and saving a few bucks to use turbotax can be dangerous.