Real Estate
A practical starting point
Can you explain the income, costs, and cash flow of each property?
Rental receipts, deposits, repairs, improvements, mortgage payments, and closing costs should not be collapsed into one expense category. Property-level records help distinguish operating performance from financing and capital spending.
Organize activity by property and reconcile management statements with bank deposits. Keep acquisition and improvement documentation so the preparer can evaluate the correct treatment rather than infer it from a bank description. Purchases, sales, and changes in use warrant a discussion before tax preparation begins.
What to agree before work begins
A property-by-property accounting view and an organized record set for professional review of rental reporting and transaction-specific tax questions.
What makes it complex
- Depreciation and cost segregation strategy
- 1031 exchange timing and compliance
- Entity structure across multiple properties
- Passive activity and loss limitation rules
How we help
- Depreciation and cost-segregation planning
- 1031 exchange guidance
- Per-property bookkeeping and reporting
- Entity structuring for portfolios
Recommended services
The services real estate rely on most.
Let's discuss the work you need.
Tell us about your situation, the records you have, and any deadlines. We will discuss the right scope and next steps before an engagement begins.