Need CPA with motel/real estate experience

[Alice Yip]

My husband and I set up two Wisconsin LLCs to purchase two motels in Wisconsin in June 2018. Through one of these Wisconsin LLCs, we purchased a small apartment building in Michigan in July 2018 that we are still renovating so no income in 2018. These two LLCs are single member LLCs owned by our Wyoming LLC which my husband and I each own 50%. We live in CA. Our attorney told us that our Wisconsin LLCs don't need to report on the federal level. My husband and I closed a self proprietorship business in CA in June 2018. Spoke to 1-800-accountant and got a quote of $2700 for all necessary personal and business filings. Also got another quote from a local WI CPA. I saw bad Yelp reviews for 1-800-accountant. Any CPA here who can help? Or anyone knows any CPA who can help?

[Steven Hamilton II]

Originally posted by @Alice Yip:

My husband and I set up two Wisconsin LLCs to purchase two motels in Wisconsin in June 2018. Through one of these Wisconsin LLCs, we purchased a small apartment building in Michigan in July 2018 that we are still renovating so no income in 2018. These two LLCs are single member LLCs owned by our Wyoming LLC which my husband and I each own 50%. We live in CA. Our attorney told us that our Wisconsin LLCs don't need to report on the federal level. My husband and I closed a self proprietorship business in CA in June 2018. Spoke to 1-800-accountant and got a quote of $2700 for all necessary personal and business filings. Also got another quote from a local WI CPA. I saw bad Yelp reviews for 1-800-accountant. Any CPA here who can help? Or anyone knows any CPA who can help?

 I can refer you to @Jake Hottenrott @Natalie Kolodij or @Linda Weygant they all have worked with them extensively. You will have to file a partnership return for the WY LLC which will include the information for the properties. The Rental will be considered rental income; however, the hotel unless you lease it to someone else who manages it it is considered a business activity.

$2,700 does not sound unreasonable for a partnership and personal return depending upon the information on each and your records as you are required to maintain a balance sheet for the tax return.