Looking for QuickBooks Pro / CPA for advice

4 Replies

Hey guys this will be the first year we file our REI taxes and I am just looking for someone to help guide me on the Process.’I have thought myself quickbooks but am s little overwhelmed with the tax mapping portion of the chart of accounts. Any help would be appreciated!! Nate Yarbor

@Nathan Yarbor

Congrats on acquiring a RE property and adding complexity to your tax return!

You did a majority of the battle if you have your expenses properly categorized in Quickbooks.

However, doing your own tax return when it includes rental income can be difficult - especially the first year when you have to calculate the depreciable basis for the property.

Let me know if you have any specific questions.

Basit Siddiqi, CPA
917-280-8544

We are still “pre revenue” but have two single family homes and one 8-plex currently in the renovation process. I just don’t know how to catagorize/map the expenses we have had thus far. Once I am able to accurately map them through quickbooks I feel like it will be easier, but the last thing I want to do is to do it incorrectly and then get hammered by the IRS...

@Nicholas Aiola

@Basit Siddiqi

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