Tax Planning - STR Investor Cross Border CPA (Canada-US)
Hi all I have recently purchased a home in Atlanta and I am renting it out on Airbnb as a short term rental since February.
I am looking for cross border accountant to do some tax planning and cost benefit analysis of doing a cost segregation study on my property in order to claim accelerated depreciation. I also want to maximize tax write offs this year and see to best offset my expenses this first year of operations. I am located in Toronto Canada but willing to work with anyone knowledgable. If you know of a reputable CPA please reply with contact information. Thank you very much!
@Nathan Kanya congrats on your recent airbnb purchase. First of all, I'm not sure if you're aware but the city of Atlanta recently passed some laws regulated STRs, so make sure you're up to speed on that, so you don't come across any fines.
Secondly, there are plenty of great accountants on this platform, but not sure who does cross border accounting.
@Yonah Weiss is one of the greats @Nathan Kanya -- had a pleasure having him on my podcast, a leader in the space! Yes @Yonah Weiss luckily the outskirts of metro Atlanta i.e. Decatur, Ellenwood are not impacted by the STR licenses yet but the process isn't rigorous we've done it for our properties that are located in Atlanta. Thanks for looking out for my brother, I'm sure you see the connection with our last names ;)
@Nathan Kanya PM me some details if you dont want to share publicly (US tax status, foreign/US entities etc). We deal with international investors frequently