House hacking tax advice

[Phillip Henderson]

Hello BP members, I am a new REI in Oklahoma. I have purchased my first property and I am curious as to what I should do about collecting rent. I am house hacking this property and for tax purposes I am trying to find out whether it matters if I collect rent in my name or open a business checking account and collect it through that account or if it even matters. I have tried to get in touch with some local CPAs in my area but due to the time of year and what is going on in the world I have not found anyone available or with the knowledge to assist me.

I would greatly appreciate any help on this matter as well as any recommendations on any CPAs in or around the Texoma area. 

[Basit Siddiqi]

@Phillip Henderson

If you are having difficulties find a CPA with the knowledge to assist you and you only looked through Texoma, that may mean that you should open up your search for a CPA outside of Texoma.

There are many CPA's on the messageboard who specialize in real estate taxation.