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Managing Your Real Estate Tax Accounting
1-800Accountant can reinforce your property’s financial foundation.
Real Estate Tax Accounting - Rental & Property Manager
Real estate tax accounting gives real estate agents and rental property managers the confidence they need to make the best decisions for their businesses. This tax preparation and accounting method involves monitoring all financial statements and maintaining accurate records for each property.
Managing rental properties, including traditional properties, VRBO, and Airbnb, can be complex and time-consuming, leaving little room to devote to tasks outside your expertise. 1-800Accountant's real estate accounting service makes this aspect of rental property management stress-free while providing powerful insights that help guide critical data-backed business decisions.
Plan And Project
Cut Costs
We evaluate your rental properties and pinpoint wasteful spending while uncovering new commercial real estate investment opportunities.
Improved Rental Processes
We identify areas to increase efficiency and optimize operations.
"Love my accountant! She is knowledgeable about real estate needs, and she is always guiding and directing me. Purely and absolutely the best decision I made!"
Stacey S.
Actual customer testimonial. Photo is illustrative only.
What are Real Estate Taxes and the Rental Income Tax Rate?
Real estate taxes are based on the value of a property and are paid to appropriate authorities on an annual basis. Your income tax rate ranges from 10% to 37% and is determined by many factors, including deductions you may qualify for.A tax shield is designed to lower the amount of taxes owed either on your personal or business tax return. You can create a tax shield associated with your real estate by deducting mortgage interest, which would reduce your tax liability.
Real Estate Accounting FAQs
A real estate CPA or real estate tax accountant can identify business-associated expenses that can often be deducted from your rental income.
Rental income should be treated like any other form of income when you file your tax return. If your combined incomes exceed a certain amount, you could be bumped to the next tax bracket and be subject to a high tax rate.
Work with the Real Estate Tax Accounting Professionals
Managing rental properties, including traditional, VRBO, and Airbnb can be tedious and time-consuming, leaving little room to devote to tasks outside your expertise. That’s why 1-800Accountant offers real estate accounting services to property managers like you. We make this aspect of rental property management stress-free while providing powerful insights that help make doing business easier.
Learn More About Real Estate Taxes
Real Estate Accounting: A Simple Guide for Your Complex Business
Things You Should Know About Rental Income and Taxes
Everything You Need to Know About Capital Gains Tax When Selling a Rental Property
Speak to our experts about your real estate accounting today!
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
***Historical first-party data.