Real Estate
To maximize operating income and asset values, we support you with accounting and business services that help you mitigate risk, unlock opportunities, and meet your reporting and compliance obligations. Our real estate professionals have decades of experience to help owners, operators, and investors make more effective decisions.
FAQS
What strategies can I use to minimize my tax liability on real estate investments?
We specialize in strategies like cost segregation studies to accelerate depreciation, Section 1031 exchanges to defer capital gains taxes, and optimizing deductions for energy-efficient properties through Section 179D. We also provide tailored tax planning for real estate portfolios to ensure you maximize available credits and incentives.
How do I account for depreciation on my rental properties?
Depreciation is based on the property’s adjusted basis, useful life, and depreciation method. We help you apply the correct approach, considering any improvements or changes in usage, and ensure compliance with IRS guidelines. For larger investments, cost segregation studies can separate personal property from structural components to accelerate depreciation benefits.
What are the tax implications of selling a rental property?
Selling a rental property may result in capital gains tax, depreciation recapture, and potential state taxes. Our team can guide you on strategies to minimize your tax burden, such as leveraging a 1031 exchange to defer gains or timing the sale to align with your broader financial goals.
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