Real Estate CPA Rockstars

[Laura Jayne Williams]

Hey BP!

I would love some recommendations on Real estate CPAs !

I had a consult with NCH  Tax Services: Tax Planning for Companies | NCH (nchinc.com)

It went well but I don't like the idea of using a company without a referral 

I am looking to use real estate to offset my 35+% W2 income tax bracket - we close on our first multifamily property in 1 week and I would love to take advantage of bonus deprecation and as many tax saving opportunities as I can !

I am in San Deigo but don't mind where they reside - as long as they understand CA regulations 

Thanks in advance! 

[James Parrish]

Hi Laura,

Using real estate to offset non-passive income can be more difficult than you have been led to believe. Generally, more than half of all hours worked in a year must be dedicated to real estate activities to qualify as a REP, which allows you to use real estate losses towards other income (your other job I'm assuming). Another way is if you used this property for personal purposes for a certain amount of days.

As for reputable CPAs, there are many on this forum who know the ins and outs a real estate. Browse through the threads and contact those you feel are knowledgeable