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66
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Lisa Wright
  • Real Estate Agent
  • Metro Detroit
28
Votes |
66
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First year Realtor taxes

Lisa Wright
  • Real Estate Agent
  • Metro Detroit
Posted

Do you guys think it's something I can DIY through turbo tax?  Or do I need to hire it out?  

Tell me what you know.  What should the price range be if I hire it out?   I saved a good portion of my profits for taxes.  But 1099 all year this time around.  Thank you. 

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • FL
3,526
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4,873
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • FL
Replied

You might need to get an S-Corp if you are making more than a certain amount. Your tax advisor can help you determine when you need that. 

Depending on how much you are making, you need to optimize your payroll for S-corp. This is no DIY. 

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