Finding a Savvy CPA familiar with Real Estate Investing

General Landlording & Rental Properties
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Finding a Savvy CPA familiar with Real Estate Investing

Juan Pablo Murillo
Rental Property Investor · Seattle, WA · Member since 2017 · 44 posts · 17 votes

Hello BPers,

I purchased my first two rentals this past 2018. Working on my third one. How did you go about finding a savvy CPA familiar with Real Estate on that year when you went from a W2 earner to a W2 + investor?

Thanks

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Arlan Potter
Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
7y

Rental income is a simple Schedule E

Any CPA will do.

Its not rocket science.

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  • Frank Geiger
    Rental Property Investor · NC · Member since 2018 · 776 posts · 777 votes
    7y

    Contact the CPAs they interviewed on the podcast. Unless you are looking for someone local to WA?

    0Reply
  • Arlan Potter
    Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
    7y

    Rental income is a simple Schedule E

    Any CPA will do.

    Its not rocket science.

    1Reply
  • Steve Meyers
    Rental Property Investor · Belleville, IL · Member since 2019 · 18 posts · 0 votes
    7y

    But depreciation isn’t as straightforward, especially when figuring in multiple timelines, accelerated depreciation in the first years, and tax planning...

    0Reply
  • Natalie KolodijBusiness Member
    Moderator
    Tax Strategist| National Tax Educator| Accepting New Clients · Member since 2014 · 3k+ posts · 4k+ votes
    7y

    Hey Juan, 

    I worked for firms in Seattle for years. I just sent you a PM I can point you in the right direction. There are a few local firms that specialize in REI where I know you'd be well taken care of.

    Podcast Guest on Show Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies
    Kolodij Tax & Consulting
    WebsiteView Page
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  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 4k+ votes
    7y

    @Juan Pablo Murillo

    congratulations on deciding to get into real estate investments!

    You live in a state without a state income tax. However, based on your profile, it suggests you have investments in Michigan and Alabama. You may be required to file non-resident state tax returns with those states.

    There are approximately 20+ accountants on the biggerpockets message board who specialize in real estate taxation. Feel free to interview a couple and go with one you feel comfortable with.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.880 Reviews
    View Page
    0Reply
  • Kenny C.
    New to Real Estate · Puyallup WA · Member since 2009 · 85 posts · 39 votes
    7y

    @Natalie Kolodij would you be willing to send me that info as well?

    0Reply
  • Laura C.
    Fontana, CA · Member since 2017 · 88 posts · 36 votes
    7y

    @Juan Pablo Murillo

    Check out Anderson Advisors . . . they are a tax and legal firm with a presence/experience in all 50 states. They specialize in tax and asset protection for real estate investors of any size. 

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