Real Estate Tax
Rental properties, depreciation, property dispositions, real-estate entities, 1031 exchanges and related tax reporting.
Real estate creates reporting that follows a property for years: depreciation schedules, improvements, passive activity limitations, and eventually the gain calculation when the property is sold.
ESBS works with owners of single rentals, multi-property portfolios and real-estate partnerships. Our tax team can review depreciation history, prior returns and closing documents — which frequently matter more at the time of sale than owners expect.
These situations often require additional analysis, and the appropriate treatment depends upon the taxpayer's individual circumstances.
Related insights
Have a question about how this applies to your situation?
Tax and accounting issues can vary considerably based upon your facts, ownership structure, prior filings, and financial circumstances. Contact Evening Star Bookkeeping Services to discuss your situation with our team.
The information provided is for general educational purposes and should not be considered individualized tax, accounting, legal, or financial advice. Tax rules and reporting requirements depend upon individual circumstances. Please consult with an appropriate professional regarding your specific situation.