CPA Accountant - Residential Loft/Condo

Atlanta, Georgia
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CPA Accountant - Residential Loft/Condo

Terrance Birdette
Homeowner · Atlanta Georgia · Member since 2021 · 4 posts · 1 vote

I’m currently in the process of renting out a furnished residential loft/condo and am looking for a CPA who provides proactive tax planning, not just year-end filing. My focus is on depreciation strategy, properly placing furnishings in service, and building a long-term approach that legally maximizes tax efficiency and cash flow.

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  • Michael PlaksPro Member
    Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
    8mo
    Quote from @Terrance Birdette:

    I’m currently in the process of renting out a furnished residential loft/condo and am looking for a CPA who provides proactive tax planning, not just year-end filing. My focus is on depreciation strategy, properly placing furnishings in service, and building a long-term approach that legally maximizes tax efficiency and cash flow.


    Hi Terrance, there is no shortage of us tax professionals specializing in real estate. You can find us on the Tax Forum, and I'm the #1 contributor there. My firm can help of course. Please PM if interested in discussing.

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  • Terrance Birdette
    OP
    Homeowner · Atlanta Georgia · Member since 2021 · 4 posts · 1 vote
    8mo
    Hi Michael. Would love to chat. I’ll connect with you.
    0Reply
  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    8mo

    Terrance - you've come to the right place. There's a lot of great tax professionals on here so I'd recommend reaching out to a few that you connect well with and pick one.

    For this property, you want to make sure basis (which impacts depreciation) is correct. Then of course report the activity of the full year. 

    Best of luck in your search!

    [email protected]
    Brick House CPAs53 Reviews
    WebsiteView Page
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  • Sean O'KeefePro Member
    CPA | Accepting new clients | 50 States · Member since 2022 · 1k+ posts · 871 votes
    8mo
    Quote from @Terrance Birdette:

    I’m currently in the process of renting out a furnished residential loft/condo and am looking for a CPA who provides proactive tax planning, not just year-end filing. My focus is on depreciation strategy, properly placing furnishings in service, and building a long-term approach that legally maximizes tax efficiency and cash flow.

    Pick me :) Our firm specializes in helping high-income earners optimize their tax strategies through real estate. Real Estate Investors, Developers, and Short-Term Rental Owners.

    [email protected]628-241-0888
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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    8mo

    If you placed furnishings within the year, they should be eligible for bonus depreciation.

    Is this property a short-term rental or a midterm rental?

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
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