Updated almost 4 years ago on .
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Do I need an accountant?
Hey BP! I bought a duplex in August. We moved in and rehabbed 1 side so far. Did all the work myself. I have always done my taxes myself, but does owning a home with a tenant change things? Should I just cut out the possible headache and get them done? Can I write off the 3k in tools I bought? What about the truck I bought for the hd runs?
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Natalie Kolodij
Tax & Financial Services
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Honestly house hacking is one of the most common starting methods of real estaet but one of the trickiest for tax purposes.
I'd recommend retaining a professional to make sure it's set up correctly and you're maximizing allowable deducitons
I'd recommend retaining a professional to make sure it's set up correctly and you're maximizing allowable deducitons
Kolodij Tax & Consulting