CPA Considerations for Unmarried Couple with Co-Owned Investment Property
Hi all! I am a very new Chicago-based investor who just purchased my first rental property (two-unit) with my boyfriend; we plan to occupy one of the units and rent the other.
Since we are not married and do not file taxes jointly, I am just wondering if there are any special considerations or specialties I should look for in an accountant/tax advisor/preparer, on top of ensuring that they are REI-friendly. Each of us makes a typical W2 income in IL, and this would be our first investment outside of some stocks, employee-incentive shares, and retirement accounts.
I am not sure if this sort of situation would be too complex to be handled remotely, or if we should really be looking for someone with whom we could meet in person in our area. Any advice or referrals would be very welcome!
Lauren