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Tax Pro - here in Pittsburgh or elsewhere (virtual)?
My wife and I are new to real estate investing - currently have three doors, two of which we are renting out (LTR + STR). We are looking for a highly qualified CPA who is very knowledgeable in handling our real estate portfolio and offering suggestions on how to save on taxes in the near term. We feel as though we should be able to defer quite a bit on our taxes this year but just want to make sure we dot our i's and cross our t's. Our other question is whether or not it is best to find someone local or broaden our horizon elsewhere? Thanks in advance for any and all suggestions in regards to this!
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Aaron Zimmerman
#3 Tax, SDIRAs & Cost Segregation Contributor
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Aaron - congratulations on building a nice portfolio. You may be able to utilize the short term rental loophole, so you’ll want to make sure your cpa is well versed in this and guide you so you avoid the pitfalls.
As for local vs national, I’d recommend looking nationally as you’ll have more qualified people. In today’s day and age, most meetings are done remotely anyway.
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