Therefore it shouldn't affect your depreciation schedules.I'm not a CPA, so please enlighten us.

I actually pivoted into real estate full time 5 years ago from Accounting/CPA land.

I'd be interested in hearing more about what's working, what's not working, whether you're self-managing, and what your CPA thinks about your reports from both of these banks (Fintech companies).My situation is as follows:I contract my property management to two different companies because I own in two different locations.

Just be aware of the filing requirements and possible taxes for each state, some states have franchise taxes or other fees for LLCs and S Corps.If you’re already paying 22% or more, an S Corp structure could potentially reduce self-employment taxes on any business income, but it might not change the tax treatment for the rental properties themselves.I’d recommend chatting with a CPA who specializes in real estate investing to fine-tune the details and make sure you’re not overcomplicating things.

Keep that money liquid until your CPA confirms the final amount due next April.However, it’s worth considering a few strategies that could help reduce your tax bill now, like spreading out the gain over two tax years if the timing of your sale allows, or offsetting some of it through tax-loss harvesting from other investments.

We work with a lot of CPA's that refer their HNW clients that pay too much taxes to us.

A CPA familiar with real estate investors can help plan ahead.Consider your overall tax picture: Passive activity rules can limit early losses, and structuring your deals correctly can help you maximize deductions while minimizing risks.Getting your team (CPA, contractor, lender, agent, etc.) aligned before you pull the trigger can save you time, money, and headaches down the road.

Even if it comes from a CPA.

Ask the custodian about fees, funding timelines, and check processing so your deals don’t stall, and run your plan by a CPA to confirm UDFI/UBIT exposure and tax treatment before you commit.

Same with a securities-backed line of credit if you already have a sizable portfolio.Before pulling the trigger on anything, I’d run a few scenarios with a financial advisor and your CPA so you know exactly what makes the most sense for your situation.