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Updated about 8 years ago on .
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1 rental property is cpa needed ?
I was wondering others opinions. I own 1 rental property and was wondering if I need to go the cpa route. I have been doin my own taxes through turbo tax but this will be my first year with a rental. I bought the turbo tax for investment properties but have yet to open it since if I do I can't return it. Was hoping to hear others 2 cents. Suggestions and advice is always welcome.
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I've never taken a retainer relationship with a CPA, but always used one since taking on REI. Bookkeepers and Turbo software barely scratch the surface, even for just one unit.
Take to a pro and learn to do it right and sleep well when you file.