Looking for a Tax Professional in the Charleston, SC Area

Charleston, South Carolina
Tax, SDIRAs & Cost Segregation
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Looking for a Tax Professional in the Charleston, SC Area

Lauren Thompson
Member since 2024 · 4 posts · 7 votes

Hi everyone,

We’re in the Charleston (SC) area and are somewhat new to the rental world. We’re looking for a tax professional who understands medium-term and short-term rental properties. If you have someone you trust or have had a great experience with, we’d really appreciate any recommendations!

We’d also love any tips on what questions to ask and what we should be looking for.

Thanks in advance!

Lauren

1Reply
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Most Popular Reply

Bill HamptonBusiness Member
Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
11mo

@Lauren Thompson

Reach out to a few of the accountants here on BP and see who you connect with.

Consider working with your accountant remotely to expand your options.

I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck.

404-482-3170
Hampton Tax and Financial Services LLC4.7106 Reviews
WebsiteView Page
1Reply
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6 Replies

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  • Patrick Roberts
    Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
    11mo

    I'm currently playing this game at the moment. I'm interviewing two different local tax firms. I'll let you know how it turns out if you'd like. 

    0Reply
    • Lauren Thompson
      OP
      Member since 2024 · 4 posts · 7 votes
      11mo
      Quote from @Patrick Roberts:

      I'm currently playing this game at the moment. I'm interviewing two different local tax firms. I'll let you know how it turns out if you'd like. 


       Patrick, thanks for responding here. Yes, that would be great if you don't mind! Always so much to learn here.

      0Reply
  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
    11mo

    @Lauren Thompson

    Reach out to a few of the accountants here on BP and see who you connect with.

    Consider working with your accountant remotely to expand your options.

    I would also recommend looking for an accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

    Good luck.

    404-482-3170
    Hampton Tax and Financial Services LLC4.7106 Reviews
    WebsiteView Page
    1Reply
  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    11mo
    Quote from @Lauren Thompson:

    Hi everyone,

    We’re in the Charleston (SC) area and are somewhat new to the rental world. We’re looking for a tax professional who understands medium-term and short-term rental properties. If you have someone you trust or have had a great experience with, we’d really appreciate any recommendations!

    We’d also love any tips on what questions to ask and what we should be looking for.

    Lauren, this forum features over 20 of real estate tax experts. We all work nationwide. But we're not allowed to offer you our services, not publicly and not privately. You would need to initiate the conversation from your end.

    And here're some tips: https://www.biggerpockets.com/forums/51/topics/1222774-expla...

    0Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    11mo

    if you have a str, the first conversation should be with an accountant to see if you can treat the property as active instead of passive.

    If it is active, you will be allowed to offset the rental losses with your income such as wages, interest, dividends, etc.

    Best of luck!

    [email protected]917-280-8544
    Basit Siddiqi CPA4.880 Reviews
    View Page
    0Reply
  • Jason MalabuteBusiness Member
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 914 votes
    11mo

    If you scroll down, there are a few great options already popping up in the replies. I’d definitely reach out to the folks mentioned there — solid options to consider.

    Malabute & Company CPAs527 Reviews
    WebsiteView Page
    0Reply
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