Hello everyone! We are investing in the Lehigh Valley area (Easton, Allentown, Bethlehem) of Pennsylvania, and currently live in New Jersey. We are looking for a CPA to help us with a joint venture operating agreement and future tax issues. Please let us know if you have any recommendations? Thank you!
Donald Elsenbaumer is a fantastic CPA
Hi Stephen - I am also an out of state investor who invests in the Lehigh Valley Area(I live in NY and invest in Allentown).
Please be mindful that PA is a tricky state for tax purposes.
PA does not ackowledge NOL's for individual purposes. As a result - you may not want to be so aggressive with your losses/deductions.
PA also does not recognize the deferring of 1031 gain.(you would still get the deferment for federal purposes but not for state purposes.)
Let me know if you have any specific questions.
Paul Schumacher, PM me for details