Rental Investor Tax Filing
Whether you’re a real estate titan or an occasional Airbnb host, rental properties provide a huge tax opportunity.
We work with our clients to make sure they’re taking advantage of all available tax deductions, understand how their rentals are performing, and keeping up with quarterly tax estimates.
RENTAL INVESTOR TAXES
$799+
ANNUAL TAX FILING
Personal Tax Preparation (Federal + State)
Profit & Loss from Rental
Qualified Business Income Deduction
Quarterly Estimated Taxes
Audit Defense & Identity Theft Protection
TAX PLANNING & ACCOUNTING
ADDITIONAL SERVICES
Proactive Advisory $1400
Additional State/Local $150
Equity Compensation $100
Partner / Shareholder K-1 Income $50
Foreign Bank Account Reporting $150
Rental Investor Accounting $400+/mo
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To make the most of your rental it's worth investing the time to understand eligible deductions. The IRS guidance is that business expenses are ordinary and generally accepted in the rental business.
There are a variety of factors that affect the tax benefits you receive as a rental property owner, and we can provide guidance on what would meet IRS criteria. Some of the common deductions we help clients navigate are:
Depreciation
Loan Interest
Property Tax
Insurance Premiums
Management Fees
Maintenance & Repairs
Utilities
Legal Fees
Auto
Travel
To ensure you are getting the most tax benefits from your rental properties, reach out so you can work with a tax professional.
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As a rental property owner you're responsible for a few key things:
Accurately tracking rental income & expenses
Allocating and tracking depreciation of assets
Filing quarterly estimated taxes
Filing annual profit & loss statements
Poor planning can get you in trouble with the IRS and cost you money (penalties for underpayment of taxes, missed deductions, etc.) so it's critical to get this part right when figuring out taxes on rental properties!
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Tracking your rental income & expenses each year is no easy task. Missing key real estate deductions means you're over paying the IRS.
We can help you navigate this effectively, managing your financials so you let passive income remain.. passive!