Real estate has some of the most powerful tax advantages in the code — and some of the most complex traps. We help you capture every benefit.
Accurate reporting of all rental income, expenses, depreciation, and passive losses across every property you own.
Reclassify property components to 5-, 7-, and 15-year schedules. Typical savings: $50K–$300K in accelerated deductions.
1065 partnership, 1120S S-Corp, and single-member LLC returns for all holding and operating structures.
Qualify for REPS to convert passive losses to active — potentially unlocking unlimited deductions against ordinary income.
Properties across multiple states trigger complex filing obligations. We manage every state return and apportionment calculation.
Full guidance on like-kind exchanges: identification windows, boot calculations, qualified intermediary coordination, and reporting.
Strategic planning before a sale to minimize Section 1250 recapture and manage the timing of taxable events.
Defer and potentially eliminate capital gains by investing in Qualified Opportunity Funds. We handle the elections and compliance filings.
Navigate the Airbnb loophole, material participation rules, and STR vs. LTR classification to maximize deductibility.
Design of LLC, LP, and holding company structures for asset protection, estate planning, and tax efficiency across generations.
Each asset class carries its own tax rules, depreciation schedules, and compliance requirements. Our team has experience across every category.
Schedule E reporting, depreciation optimization, and passive loss planning for individual SFR investors.
Cost segregation studies for apartments, CAM reconciliation for mixed-use, and entity-level partnership returns.
39-year depreciation planning, tenant improvement analysis, and CAM expense allocation for office, retail, and industrial.
STR material participation rules, Airbnb/VRBO reporting, and the short-term rental loophole for high-income earners.
Dealer vs. investor classification, subdivision planning, and construction-phase tax strategy from entitlement through disposition.
K-1 preparation for LP investors, waterfall distributions, preferred return tax treatment, and fund-level compliance.
We don't treat real estate clients like individual filers. Your portfolio requires a coordinated strategy that spans entities, years, and property types.
We document every property, entity, ownership percentage, and current depreciation schedule — building a complete picture before recommending anything.
We identify cost segregation candidates, REPS qualification potential, 1031 timing opportunities, and entity restructuring options specific to your portfolio.
We coordinate engineers, intermediaries, and legal counsel as needed — handling all tax filings and elections across every entity and property.
Quarterly reviews, acquisition and disposition guidance, and proactive alerts when law changes affect your holdings.
Use our quick estimator to see the potential first-year depreciation benefit from a cost segregation study on your property. Results are illustrative — contact us for a precise analysis.
REPS requires you to spend more than 750 hours per year in real estate activities, and more than 50% of your working hours in real property trades or businesses. Qualifying allows passive rental losses to offset ordinary income, a potentially enormous benefit for high earners.
When average guest stay is 7 days or less, rental activity is classified as non-passive by default — meaning losses can offset W-2 or business income without needing REPS. Yes, it's still available, but requires careful material participation documentation to survive IRS scrutiny.
You have 45 days to identify replacement properties and 180 days to close. These deadlines are strict — missing either forfeits the exchange. A qualified intermediary must hold proceeds; you cannot touch the funds. We coordinate the entire process including QI selection and identification letters.
Any commercial or residential rental property purchased, constructed, or renovated after 1986 qualifies. Studies are most cost-effective on properties with a cost basis of $500K or more. Lookback studies allow you to apply accelerated depreciation retroactively without amending prior returns.
Section 1250 recapture taxes the depreciation you've claimed at ordinary rates (up to 25%) upon sale. Accelerated depreciation from cost segregation creates additional Section 1245 recapture. We model your exit tax before any sale so there are no surprises — and explore 1031s and installment sales to defer.
Yes — and the structure matters significantly. Series LLCs, Delaware Statutory Trusts, holding/operating splits, and family limited partnerships all offer different combinations of asset protection, estate planning, and tax efficiency. The right structure depends on your portfolio size, goals, and state of residence.