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Tax, SDIRAs & Cost Segregation

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Alison Brenner
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Considering moving to a real estate accountant (referrals?)

Alison Brenner
Posted Jun 21 2022, 16:43

Hi All,

My family's business has been multi-families for over 60 years. In January, I inherited 24 units (4 building; 6 units each). I started self-managing in April of 2022. In short, I am very green.

I am strongly considering moving to an accountant who specializes in real estate investments. My family has used the same CPA for over 20 years. He is wonderful but I don't think he has the required knowledge or skill set.

I realize that there are accountants who are very active on this site. If you have personal experience working with a real estate CPA/accountant in the Orange County, CA area, I would greatly appreciate the person's contact info.

Thank you very much for all your help.

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Basit Siddiqi
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  • Accountant
  • New York, NY
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Basit Siddiqi
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  • Accountant
  • New York, NY
Replied Jul 8 2022, 12:35

Make sure to work with an Accountant who will understand 'step up in basis' once properties are inherited.