Suggested tax strategy for just bought property
I finished closing on a 2 family house in Newark, NJ on Dec. 08, 2022. First payment isn't due until Feb 1st, 2023.
What is my best strategy for doing my taxes now that I own a property? Should I consider a CPA or is it not worth it since the house was bought just recently in December. Thank you.
Most Popular Reply
You aren't going to have much activity on it bookkeeping-wise for 2022, but it would still be a good idea to have a CPA well-versed in investment real estate to talk strategy with. Better now than later. Ask other investors in your area who they recommend.