In need of a CPA in Eastern PA

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In need of a CPA in Eastern PA

Dan M.
Investor 路 Phoenixville, PA 路 Member since 2017 路 12 posts 路 1 vote

Hey All,

I am looking for a CPA in Eastern PA that specializes in working with Real Estate Investors and rental properties. The SFH's are owned with a partner under an LLC.

Thanks,

Dan

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John Luk
Member since 2019 路 1 post 路 1 vote
7y

@Peter Dunne - Hi. Can you send me the info on the CPA in Horsham as well?  Thank you!  

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  • Basit SiddiqiBusiness Member
    Accountant 路 New York, NY 路 Member since 2015 路 8k+ posts 路 3k+ votes
    8y

    @Dan M.

    The LLC will be required to file a partnership return. The partnership return will detail the activities of your buy and hold rental business.

    The partnership will then distribute a K-1 to you and your partner which will detail each partner's share of profits/losses. The Information on the K-1 will be reported on your individual income tax return.

    PA is a very unique state when it comes to real estate investing.
    PA does not recognize NOL's at the individual level.
    PA also does not recognize 1031 exchanges(you can still defer taxes at the federal level).

    Phoenixville appears to be very close to Philadelphia. You may want to search Philadelphia for a local CPA. However, if you are open to a remote/virtual CPA - there are many accountants on BP who you can interview.

    Let me know if you have any specific tax questions.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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  • Joseph ODonovanPro Member
    Property Manager 路 Ridley, PA 路 Member since 2017 路 427 posts 路 449 votes
    8y

    @Dan M  I can recommend my CPA, he is highly experienced in Real Estate Investments. I will direct message you. 

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  • Peter Dunne
    Real Estate Agent 路 Philadelphia, PA 路 Member since 2014 路 51 posts 路 36 votes
    8y

    Hey @Dan M.

    I highly recommend my personal CPA who works out of a large firm in Horsham, PA. They focus on real estate, contractors, investors, etc. DM me if you are interested and I will make a personal connection.

    Best!

    0Reply
  • Denise Smith
    Rental Property Investor 路 Holland, PA 路 Member since 2017 路 8 posts 路 1 vote
    7y

    @Peter Dunne

    Hi Peter,

    Can you send me the name of your CPA in Horsham. I鈥檓 local and need a new CPA.

    Thanks,

    Denise馃槉

    0Reply
  • John Luk
    Member since 2019 路 1 post 路 1 vote
    7y

    @Peter Dunne - Hi. Can you send me the info on the CPA in Horsham as well?  Thank you!  

    1Reply
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