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Tax, SDIRAs & Cost Segregation

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David Siegel
  • San Diego, CA
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CPA referral for Airbnb

David Siegel
  • San Diego, CA
Posted Jun 22 2022, 07:03

Hello, I'm hoping to find a CPA for an LLC I created in California that owns our primary residence which contains 2 Airbnb units. Please send me referrals if you have a good CPA managing the taxes for your Airbnb operations.

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Brad Jacobson
  • Realtor
  • Ogden, UT
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Brad Jacobson
  • Realtor
  • Ogden, UT
Replied Jun 22 2022, 07:12

Hey David,

Finding the right real estate specialized CPA is a massive game changer.  If you have a local real estate meetup, I'd recommend you ask there.  You'll find that there will likely only be a handful of CPAs that all the local investors use because they're the best.

Good luck!

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Basit Siddiqi
Pro Member
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
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Basit Siddiqi
Pro Member
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied Jul 9 2022, 12:08

LLC's created within California are required to file form 568 and pay $800 on an annual basis.
Make sure that the accountant you work with is taking care of this obligation.

There are definitely some planning involved for those who invest in STR's.
Are they considered a passive or non-passive activity?

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