need tax strategiest / cpa

[Roger Hauf]

I am in need of a good tax strategist and or cpa my person will be retiring soon in the Denver Colorado Area, I also have some property in Texas. I have a question regarding capital gain also, so we sold a couple of properties that I couldn't get 1031 exchanged in the time allowed. Our LLC had losses which I thought would absorb the gain from the llc my current account said I have to claim the capital gain and not use the loss to offset or reduce it. it that correct??? does any one know?

[Natalie Kolodij]

Hey Roger welcome to BP

I don't have a Colorado recommendation unfortunately but if you browse the Tax forum here on BP there are several amazing tax pros. 

And regarding your gains:

Depends on if that LLC generates active or passive income - if it's an LLC that is like a florist shop those losses can't offset the rentals.

If it's also rentals and they have losses this year, that will offset the gain. 

If the rentals you disposed of had passive losses over the years those will all be available this year when they're disposed of. 

I'd reach out to a few tax pros here and see if you can find one you like and get that cap gain calc worked out so there are no surprises come tax time.