Need Tax Filing Advice

[Lawrence Ng]

I recently closed on a house in vegas in Sept 2025 and I'm currently an out of state investor in California. Should I hire someone to do my taxes? I have W2 job and the real estate property (cash flow negative), so I want to do deduct things like (depreciation, mortgage interest + home insurance, hoa, sewer + garbage, property management fee, laundry machines). Is there anything else I should deduct from the real estate property? 
I've been quoted $1.2k to do my taxes which seems like alot, so I'm deciding if i should do it myself. Any thoughts or recommendations?

[Drew Sygit]

Quote from @Lawrence Ng:

I recently closed on a house in vegas in Sept 2025 and I'm currently an out of state investor in California. Should I hire someone to do my taxes? I have W2 job and the real estate property (cash flow negative), so I want to do deduct things like (depreciation, mortgage interest + home insurance, hoa, sewer + garbage, property management fee, laundry machines). Is there anything else I should deduct from the real estate property? 
I've been quoted $1.2k to do my taxes which seems like alot, so I'm deciding if i should do it myself. Any thoughts or recommendations?

 Have you done your own income tax returns in the past?

If so, with all the tax software our there, you should be able to handle one property on a Schedule E.

If you do hire a tax professional, find one that works with a lot of RE investors.
- Otherwise you're paying them a premium to learn their way through doing your return 🥵

FYI: this is similar to hiring a jack-of-all-trades attorney to do an eviction, and paying more, vs hiring an attorney that specializes in evictions.