RENTAL PROPERTIES

Rental properties are becoming a primary investment vehicle. Many landlords are focused on collecting rent and managing payments the accounting and taxes tend to get lost.

TAXES

Rental properties have become a tax benefit due to potential deduction on tax returns. Accounting for all your rental revenue and expenses is crucial to this. We help by:

 

  • Maximizing tax benefits to rental properties
  • Proper classification
  • Preparing detailed schedules of each property

COST BASIS

We can help with determining the correct cost basis for your rental property. This is important because:

 

  • Capital improvements / purchases increase your home value for a tax perspective
  • Depreciation reduces basis