Get this free Tax Filing Checklist
Channel: Landlord Studio
Date: 2024-03-19

Are you ITCHING to finish doing your real estate taxes ASAP but you're drowning in a sea of questions of what to do first, or next, or at all??

Don’t worry, we’ve all been there.

That’s how we know that these are 3 things that you need to hear today if you’re doing your tax return…

1. GET YOUR BOOKS IN ORDER
We cannot stress enough that having your bookkeeping up to date, reconciled, and ready to go will make or break filing your real estate income tax. This is the absolute groundwork for all tax returns and could be the difference between managing a profitable portfolio or opening you up to an audit by the IRS.

(P.S. It doesn't have to be so hard either, simply load all your data into Landlord Studio, connect up your bank accounts, and reconcile with a tap! Then just export a Schedule E report and fill in the blanks on your Schedule E!)

2. Self-file or CPA?
It's time to decide whether you will self-file your taxes via a platform like Turbo Tax or file through your CPA. There are benefits to both! Self-filing can be more cost-effective, convenient, and provides a user-friendly interface. While using a CPA is more expensive, but ensures you stay compliant, saves you time, and helps you maximize your tax savings.

3. Make sure you've got the forms you need with our free Tax Filing Checklist
There are a lot of different pieces you need to bring together for your tax return, and what you need will depend on your circumstances. Download our free tax filing checklist to make sure you've got everything ready for your return.

Download the Tax Filing Checklist from our Landlord Tax Center here 👉🏼 https://www.landlordstudio.com/portfolio/tax-and-compliance 

Start by doing these 3 things, and we can guarantee that you’ll be feeling more prepared than before!

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