I am getting ready to meet with my first CPA specifically for real estate investing. I want to make sure that I am starting out right with all my tax ducks in a row. What questions would be good to ask a tax person to determine if they are a right fit, and knowledgable about real estate investing? Beyond that, what other information about a finding a good CPA should I know or look for? Thanks in advance!
I wrote a BP article on this very topic. Check it out and let me know if you have further questions. Hope this helps!
Oh awesome, exactly what I need! Thanks, I will go check it out.
I strongly suggest you hire someone who ones investment real estate themselves. The tax rules are really complex and always changing in investment real-estate and an accountant who owns some himself will naturally know the rules better and more intuitively know if you might have missed a deduction or expense. Good luck!
@Cameron Skinner Good point. There is a lot of talk about how we should choose agents who own investment properties, so why not with other specialists on our teams? Thanks for the tip. I think that alone nixes the guy I was thinking about, even though he is very smart. Thanks
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