Related Business Tax Resources — explore related guides and services.
I have years of experience with real estate from real estate closings, reducing or deferring tax gain, operation and strategy. My unique offerings:
- FSBO (for sale by owner representation)
- Carryback note and deed of trust (mortgage) drafting
- Integration and drafting with installment sales (Internal Revenue Code section 453)
- Integration and drafting with like kind exchange (Internal Revenue Code section 1031)
- Bring the transaction to the net: I can then prepare your tax return integrating all of the steps of the transaction.
- Lender representation and drafting
I can help you at every stage of your investment: entity selection (or LLC, etc), tax planning, tax compliance, purchase, depreciation, leasing, and sale.
For significant real-estate transactions, ownership changes, installment sales, or other decisions with substantial tax consequences, our tax strategy and planning service focuses on evaluating the tax result before the transaction is completed.
Like-Kind Exchanges §1031
We provide tax counsel in like kind exchanges from planning and document drafting to closing. We also prepare the tax return and ensure it is correctly reported.
DST Replacement Property in a 1031 Exchange
Owners considering a move from direct property management can review Delaware statutory trust 1031 exchanges. Assess the trust’s qualification, exchange deadlines, debt replacement, and investment terms before the sale closes.
Installment Sales §453
We structure transactions to satisfy §453 Installment Sales. IRC §453 allows the deferral of capital gain until money is received on the carryback note.
Form 1040, Schedule E
We can take a close look at your Schedule E to ensure proper income and expenses are reported. Our landlord and rental property tax preparation service also coordinates depreciation, adjusted basis, passive-loss issues, and the tax consequences of an eventual sale.
Rental Deductions and Future Income
Depreciation can produce a loss without producing a current deduction. Our rental-loss and NOL planning guide explains cost segregation, passive activity limits, and when carryforwards can reduce future ordinary income or capital gains.
Colorado Real Estate Tax Planning
Colorado taxes capital gains from the sale of Colorado real estate even if the taxpayer is a nonresident of Colorado. As an example, if a taxpayer lives in California but owns a ski condo in Aspen, any gain on the sale of that condo must be reported using a Colorado Form 104 and tax paid. In addition, rents are taxed in Colorado even if the taxpayer is a nonresident.
Exiting a Real Estate Partnership
Selling a property and leaving the entity that owns it are different transactions. For an ownership exit, see LLC member buyout tax consequences, abandoning a partnership interest, and suspended passive losses.