Need CPA for STRs/ bonus depreciation

[Heather Hall]

Hello, 2022 was my first year as a Short term rental (STR) investor.

1- STRs are in FL and CA and each have their own LLC. Do I need a FL CPA and CA CPA both ?

2- Any advice on bonus depreciation calculation and best time to take it?

3- recommendations for good CPAs specializing in STRs?

[Randall Tannen]

Quote from @Heather Hall:

Hello, 2022 was my first year as a Short term rental (STR) investor.

1- STRs are in FL and CA and each have their own LLC. Do I need a FL CPA and CA CPA both ?

2- Any advice on bonus depreciation calculation and best time to take it?

3- recommendations for good CPAs specializing in STRs?

Congrats on your first year as an STR investor! I'm a CPA and I happen to be licensed in Florida. You don't necessarily need a FL CPA and you definitely don't need both (FL and CA). One is sufficient. FL has no state income tax, but keep in mind the tax for transient rentals in FL. California doesn't conform to bonus depreciation, but bonus depreciation is taken in the year of purchase.