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Looking for a CPA that could help me do my W-2 income taxes and a cost segregation study for my investment property. Do you guys have anyone you guys recommend, I live in San Diego however my property is in bullhead, city az
Your Closing Disclosure has about forty line items on it. Roughly six of them are named in a way that tells you what they are. The rest sound like they were generated by a committee that was paid by the syllable. And every one of them has to go somewhere on your tax return. The good news: there a...
Something I keep noticing in cost segregation conversations (and provider projections): the savings numbers are almost always federal-only. But states like CA, NY, and NJ decouple from federal bonus depreciation — meaning you add back the bonus portion on the state return and take it over normal ...
I’m looking for insight from y’all that are familiar with cost seg and bonus depreciation. This year we will STR our primary home for 5-6 months. Our town only allows STR if it’s your primary (so max 6m minus one day). We purchased the home in 2020 and did a full gut renovation this year (06/2025...
If IRC Section 1245 Tangible Personal Property (shorter life assets) acquired incidental to Section 1250 Real Property (longer life assets) are not replaced/retired during the recommended 3 to 5 year holding period after applying the results of a cost segregation study, a diminished value can be ...
Had a cost seg study done last year and it broke the property into components with different depreciable lives, roofing, HVAC, flooring, etc. Great for the tax side, obviously. What I hadn't expected is how useful that same component breakdown turned out to be for budgeting maintenance reserves. ...
There's a lot of discussion on here about whether cost segregation is worth it and what kinds of properties qualify. What I don't see talked about nearly as much is what happens after, like whether you can actually deploy those losses or whether they just sit in a carry-forward indefinitely. The ...
Hi All, I'd love to hear from you! Have you hired Cost Segregation Guys for a cost segregation study? I have some properties that I'd like to have cost seg studies completed on, and would LOVE to hear what your experience has been, specifically with the company "Cost Segregation Guys." The reclas...
Where would I find this advertisement on Bigger Pockets?
I had a client reach out to me regarding a ranch owned by his 86-year old father. His father's income is very low so he doesn't need the rental losses. The client will receive the ranch once the father passes. I explained to the client that if the father transfers the ranch to him now, then his t...
There's been a lot of good discussion lately about which accounting software to use for a real estate and most of it lands on the same generic answer. What I don't see talked about as much is what comes AFTER the setup though. What numbers are investors pulling out of their books on a regular bas...
Hi BP Community, My brother and I are looking for guidance from NY real estate attorneys and CPAs on the cleanest way to restructure ownership of our primary residence to establish equal 50/50 legal ownership without triggering unnecessary tax liabilities or transfer taxes. Property & Context: Lo...
I'm looking at purchasing two neighboring properties (A & B) with a single owner carry note, rehabbing and selling property A, paying off part of the owner carry and then using rest the proceeds to rehab and hold property B. Is there any way to structure the deal to avoid capital gains when selli...
Have I Outgrown My CPA? Looking for Advice / Referrals I’ve been with the same accounting firm for roughly 15 years, and they’ve been with me through a lot of growth. That said, I’m starting to wonder if my needs have evolved beyond what the relationship is currently providing. Today I have a pri...
My self-directed IRA owns a rental property. In April 2026 I found out that two years of property taxes had gone unpaid and a tax deed application had been filed against it. The county told me the only way to stop the sale was an immediate wire, so I wired about $6,100 from my personal account th...
Non-REP Interests, dividends, capital gains, and rental income (W2 is TBD. "Semi-retired" and may or may not rejoin the workforce.) Just had a cost-segregation study completed. Because we are non-REP, we can't leverage the bonus deprecation against our active income streams. Correct me if I'm wro...
A Tax Benefit Twist on Cost Segregation I’m sharing this because it may give another rental property owner a tax question worth asking. Five roof replacements resulted in a $9,102 tax deduction for our rental portfolio. And the deduction had nothing to do with depreciating the new roofs. The new ...
A cost segregation study was performed on this single family home in Fort Worth, TX purchased in 2023 with a depreciable cost basis of $272,633. The home is 1,841 square feet and was constructed in 2009. The use of the accelerated depreciation strategy helps real estate investors to reduce the ta...
Our tax person, is closing their business at year end. Looking for recommendations. We're small but we invest through multiple entities including trusts and self directed 401ks (regular and Roth). We'd also prefer that they can handle our personal taxes also. We're located in AZ and also file in ...
I'm trying to execute a 1031. Buying a 30 unit multi family in New England for approx. $5m. I"m carrying over assets I've owned and depreciated for 16-22 years (4 different properties). From my preliminary research I see I will only have partial depreciation due to the carry over on the new purch...
I want to share something that doesn't get talked about enough, because when I first heard it I didn't believe it either. For certain short-term rental properties, if the average guest stay is 7 days or less and you materially participate in the activity (for example, meeting the IRS participatio...
I converted my residential condo into a rental with in-service date of 5/2009. I erred when adding the rental to my Schedule E and incorrectly began claiming depreciation using a 58.3% business use ratio instead of 100%. I have repeated this error on every Schedule E from 2009 to present. The res...
It's crazy to think we are already coming up on 10 years since Qualified Opportunity Zones were first introduced. Unfortunately, the tax liability on your deferred gain is coming due as of December 31, 2026. That means if you invested gains into QOZs in prior years that gain will need to be recog...
For context: I'm a landlord and a software engineer, and I've spent a lot of time on this problem. Not selling anything here — just sharing what's worked for me and hoping to learn from how others handle it. Why rental bookkeeping gets messy Most of us start with a spreadsheet or a shoebox, and i...