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Real Estate CPA Services

Specialized Real Estate CPA Services for Investors & Property Owners

Are you looking for a CPA firm that truly understands the complexities of real estate accounting and taxation? Our team of dedicated real estate accountants provides comprehensive financial services tailored to property investors, managers, and developers across all 50 states and internationally.

Unlike general accounting firms, our specialized knowledge of real estate tax code allows us to identify opportunities other accountants often miss—from maximizing depreciation benefits to structuring entities for optimal tax treatment. We serve clients at every stage of real estate investing, providing tailored solutions for rental property owners, house flippers, real estate agents, property managers, and private equity funds focused on real estate assets.

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Expert Real Estate Accounting Solutions for Maximum Returns

Real estate investing comes with unique financial challenges and opportunities. Our specialized real estate accounting and tax services are designed to optimize your investment strategy, minimize tax liabilities, and maximize your property portfolios’ profitability.

Real Estate Tax Services for Every Investment Strategy

Rental Property Tax Planning & Preparation

As experienced real estate CPAs, we specialize in tax preparation for rental property owners, whether your investments are local, out-of-state, or international. Our comprehensive approach includes:

  • Strategic tax planning that considers local, state, and international tax implications
  • Maximizing depreciation benefits and property-related deductions
  • Analyzing property management expenses for optimal tax treatment
  • Creating personalized tax strategies that enhance your investment returns

New to rental property investing? Schedule a consultation with our real estate accounting team to learn the tax fundamentals and financial best practices for successful property investing.

1031 Exchange Guidance From Qualified Intermediaries

Our team serves as qualified 1031 exchange intermediaries, guiding you through the entire process to defer capital gains taxes when selling investment properties. We provide:

  • Expert analysis to determine if a 1031 exchange is right for your situation
  • Step-by-step assistance throughout the identification and purchase periods
  • Documentation preparation and review to ensure IRS compliance
  • Strategic advice for selecting replacement properties that align with your investment goals
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Form 8308

House Flipping Tax Strategies

For full-time house flippers or those managing rehabilitation projects as a side venture, our real estate accountants deliver specialized tax optimization services, including:

  • Comprehensive tax planning from acquisition through renovation and sale
  • Strategies to minimize capital gains taxes and maximize deductible expenses
  • Entity structure recommendations (LLC, S-Corp) for optimal tax treatment
  • Inventory accounting methods that work best for your flipping business

Primary Residence Sale Tax Planning

When selling your primary residence, understanding potential tax implications is crucial. Our real estate CPA team provides:

  • Analysis of your eligibility for the $250,000/$500,000 capital gains exclusion
  • Strategies to document and maximize home improvement deductions
  • Planning for partial business-use scenarios that may affect your exemption
  • Guidance on timing and structuring your sale for optimal tax outcomes

Specialized Real Estate Accounting for Business Clients

Real Estate Agent Tax & Business Services

With numerous leading real estate agents as clients, we understand the unique financial needs of real estate professionals. Our services include:

  • Entity structure analysis (S-Corp, C-Corp, or LLC)
  • SEP/Solo 401(k) implementation for tax-advantaged retirement planning
  • Business expense optimization strategies
  • Commission income planning and quarterly tax management

HOA & Property Management Accounting

Our comprehensive accounting services for HOAs, HDFCs, Condos, Co-ops, and other managed properties include:

  • Monthly bookkeeping and financial statement preparation
  • Annual financial statement audits, reviews, and compilations
  • Tax preparation (1120-H and other annual filings)
  • Payroll processing and 1099 issuance for contractors
  • Accounting outsourcing for self-managed buildings
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Real Estate Private Equity Fund Administration

For private equity funds focused on real estate investments, we offer full-service fund accounting, including:

  • Partner capital statement preparation and distribution
  • K-1 preparation and filing
  • Monthly/quarterly/annual financial reporting
  • Annual audits, reviews, and compilations
  • Tax planning and compliance services

Frequently Asked Questions About Real Estate Accounting

As a real estate investor, you should be aware of various tax implications, including depreciation, capital gains, and the deductibility of mortgage interest and property management expenses. Depending on the nature of your investments, you may also need to consider the implications of passive activity loss rules, 1031 exchanges, and the potential for state-specific taxes. Consulting with a tax professional can help you navigate these complexities and optimize your tax situation.

A 1031 exchange allows you to defer capital gains taxes when you sell an investment property and reinvest the proceeds into a like-kind property. This can be highly beneficial if you’re looking to upgrade or diversify your real estate portfolio without triggering a significant tax liability. You should consider a 1031 exchange if you plan to reinvest in another property and want to maximize your investment capital. It’s important to consult with a tax advisor to ensure compliance with IRS regulations and determine if a 1031 exchange is right for you.

Flipping houses typically results in short-term capital gains, which are taxed at your ordinary income tax rate. However, with proper tax planning, you can minimize your tax burden by deducting expenses related to the renovation and sale of the property. You may also be eligible for certain tax strategies, such as structuring your flipping business as an LLC or S-Corp to optimize your tax situation. Working with a tax professional can help you maximize deductions and reduce your overall tax liability.

The IRS allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from the sale of your primary residence if you’ve lived in the home for at least two of the last five years. However, there are specific rules and exceptions that may apply, such as if you’ve used part of your home for business purposes or if you’ve sold another home within the past two years. It’s important to consult with a tax advisor to determine your eligibility for this exclusion and understand any potential tax liabilities.

We offer a comprehensive range of real estate accounting services for property managers and owners, including bookkeeping, financial reporting, budgeting, rent roll management, expense tracking, tax planning, and financial analysis. Our services are designed to streamline your financial operations, ensuring accuracy and compliance while helping you optimize cash flow and profitability. Whether you manage a single property or an extensive portfolio, we can tailor our services to meet your specific needs.

Your Personal and Business Accounting Team

George Dimov - Founding President of George Dimov CPA and Tax Specialists, an online CPA firm with the highest standards

George Dimov

President

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Stan Shraybman, MBA, EA

Senior Tax Manager

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Bob Liu, CPA

Senior Accountant

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Xintian Wang, CPA

Senior Tax Manager

Tax Preparation

Forensic Accounting

Bookkeeping

Tax Consulting

Payroll Services

Amended Tax Returns

Financial Audits

Audit Representation

Real Estate Taxes

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Get award-winning accounting services

Optimize your taxes and save thousands annually. Our CPAs specialize in individual and business tax services, uncovering hidden deductions and credits. Maximize your financial benefits with unparalleled support from Dimov Tax. Transform your financial future—partner with us today.

Optimize your taxes and save thousands

Speak with a tax accountant now