Industries
Real estate investors
Real estate is taxed on paper losses and cash profits. The books have to show both, per property, every year.
Get my quote Call +1 (302) 601-0115 Book a free 30-minute call
- 447 Broadway, New York
- team of Certified Accountants, CPAs and Enrolled Agents
- Flat fees quoted upfront
- Replies within 8 hours
Get a fixed quote
Tell us the basics. We reply within 8 hours, no obligation.
What investors need from their books
- A P&L per property, not one blended account, so each asset's return and each sale's basis are known.
- Depreciation schedules maintained from purchase, with improvements capitalised and repairs expensed correctly.
- Security deposits as liabilities, escrow and reserve accounts reconciled, loan principal and interest split.
- Entity structure tracked: holding LLC, property LLCs, management company, with intercompany balances that net to zero.
- Passive activity loss limits, the real estate professional test and short-term rental rules applied to the owner's return.
What we set up
Class or tracking-category bookkeeping in QuickBooks Online or Xero for each property, a fixed asset register with depreciation, rent roll reconciliation, and a year-end package per entity. For portfolios, consolidated reporting across entities and a virtual CFO view of cash-on-cash, debt service coverage and refinance timing.
Tax for investors
Schedule E or Form 1065 per entity, depreciation and cost segregation studies applied, 1031 exchange tracking, sales with correct basis and recapture, and Form 5472 where a property LLC is owned by a non-US investor. Non-resident owners of US rental property choose between 30% withholding on gross rent and the net election on Form 1040-NR; we make the election and file the return.
Questions people ask
I own four properties in three LLCs. How many returns is that?
It depends on ownership. Single-member LLCs with a US owner report on your Schedule E; multi-member LLCs file 1065s. We map it once and keep the structure straight.
Can non-US investors buy US rental property through an LLC?
Yes. The LLC files Form 5472; the owner files Form 1040-NR with the net election so rent is taxed on profit rather than 30% of gross. FIRPTA withholding applies on sale.
Do you do cost segregation?
We coordinate with a cost segregation engineer and apply the study in the depreciation schedule and return.
Ready for a fixed quote?
Two sentences from you. A written price within 8 hours. No obligation, no long-term contract.
Get my quote Call +1 (302) 601-0115 Book a free 30-minute call WhatsApp