Real estate specific CPA's in Washington State
Hello, my name is Josh Lounsberry and I have started a real estate business as a flipper. I am looking into how to save money using tax strategies and would like any references for good CPA's that deal with real estate specifically.
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I don't know any good CPAs in Washington, but I have at least one question you can use to screen out those who do not have a lot of experience working with people in the real estate field.
Tell them that you are a flipper and want to do 1031 exchanges. If the CPA doesn't tell you right away that you are not allowed to (if you are flipping, the property is considered inventory and is ineligible for 1031 treatment), it is a good sign that they are not too familiar with the real estate field.