Real Estate

Investors, landlords, agents, and property management companies across Citrus and Hernando County.

Tracking Every Property, Every Year

Real estate rewards good records. Basis, improvements, and depreciation follow a property for its entire life, and decisions made years ago determine the tax outcome when it sells. We keep that history organized property by property, so nothing is reconstructed from memory at closing.

Deductions and considerations that often apply

Common in this industry, though whether any of them applies depends on your specific situation. Treat this as a starting point for a conversation, not tax advice.

Depreciation

Residential rental property is generally depreciated over 27.5 years and commercial over 39 years.

Cost segregation

A study can accelerate depreciation on qualifying components, though it's worth modeling before committing.

Mortgage interest and property taxes

Deductible against rental income when properly allocated.

Repairs versus improvements

Repairs are generally deducted currently while improvements are capitalized. The distinction has real consequences.

Insurance, HOA dues, and management fees

Ordinary carrying costs of holding rental property.

Travel and mileage

Trips to properties for management, maintenance, or showings, with contemporaneous records.

Section 199A deduction

Some rental activities qualify for the qualified business income deduction, depending on how the activity is structured.

1031 like-kind exchanges

Deferring gain on an investment property sale requires strict timelines and advance planning.

Passive activity rules

Loss deductibility depends on participation level and whether real estate professional status applies.

Does this sound like your business?

If you recognized your own operation in any of the above, we'd welcome the chance to talk. A short conversation is usually enough for us to tell you whether there's money being left on the table — and if everything is already in good order, we'll tell you that too.

Let's talk about your business

Schedule a consultation and we'll walk through what applies to you.

Schedule a Consultation