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Updated over 5 years ago on . Most recent reply presented by

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Alexander Bacon
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Tax professional in GA

Alexander Bacon
Posted

I currently live in GA and have two rentals down in central Florida. I have done my taxes myself for the past two years but I know I am not knowledgeable enough to maintain this/I know I am losing out on money. With one property I didn't necessarily care too much but now that I have two and am looking for my third, I want to get this part of real estate/my portfolio nailed down. Does anyone have any recommendations or connections to a tax professional somewhere in GA or AL (I live close to the AL border) that they could mention? Also, due to work I will be moving throughout the country/world about every two years. I am unsure how much that matters moving forward but I plan on investing primarily in the central Florida area with maybe one or two additions to my portfolio in random states that I end up living in if a deal presents itself. I know virtually nothing when it comes to tax deductions, creating an LLC and going S corp, depreciating assets and whether thats appropriate or not at this point, tax breaks for work expenses, etc. I have read a fair amount and understand the basics but I dont feel comfortable doing it myself as I fear I get lost in the legal writings of the law and am paranoid that I would screw up which is why I am seeking a professional at this time.

  • Alexander Bacon
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