So, tax professionals aren't automatically more knowledgeable about tax issues.
Not all of them anyway. In some states, anyone can hang out a shingle and call themselves a "professional" in any number of professions; not just tax folks. With income taxes, you can have anyone calling themselves a "professional" even when they are just an Enrolled Agent with no "formal" education when compared to that of a CPA or Tax Attorney.
I discovered that he told me completely wrong: he had me filling out page 1. Wrong. Real estate income comes in on a form 8825 and that is entered in schedule K of the 1065 on page 4.
Then when you enter the K-1 on your personal 1040 tax return, all the rental data still ends on on SCH E. But it ends up on page 2 of the SCH E instead of page 1. So any way you look at it, your rental income/expenses "still" get reported on SCH E as a part of your personal 1040 tax return.
So, tax professionals aren't automatically more knowledgeable about tax issues.
Unfortunately, the few that are clueless tend to shed bad light on all the numerous good ones out there. (A few of those good ones are actually active participants in this forum, and have been for many years. It's how I learned some of this stuff without having to attend the "school of hard knocks.")
