1031 Like-Kind Exchanges: Deferring Gain on Investment Property
How a 1031 like-kind exchange defers tax on investment property sales, including the 45-day and 180-day deadlines, qualified intermediaries, and boot.
Real Estate & Rentals
Accounting and tax for landlords and real estate investors, from someone who owns and manages rentals too.
Need hands-on help? See our Real Estate & Rental Property Accounting service.
Passive Activity Loss Rules and Real Estate Professional Status
How the passive activity loss rules limit rental losses, how the active participation allowance works, and who qualifies as a real estate professional.
Depreciating a Rental Property and What Happens When You Sell
How rental property depreciation works, why land is excluded, and what happens at sale, including depreciation recapture, capital gains, and suspended losses.
Repairs vs. Improvements: How the IRS Sees Your Rental Expenses
How the IRS tells repairs from improvements on rental property, including the betterment, restoration, and adaptation tests and landlord safe harbors.
Rental Property Accounting Basics for Landlords
Rental property accounting basics for landlords, covering rental income, deductible expenses, security deposits, depreciation, and the records to keep.
Short-Term Rentals in Central New York: Taxes and Recordkeeping
Short-term rental taxes in Central New York explained for Airbnb and VRBO hosts, including income tax, occupancy and sales tax, and the records to keep.
Tracking Rental Income and Expenses: A Simple System for Small Landlords
A simple system for tracking rental income and expenses as a small landlord, with a separate account, Schedule E categories, receipts, and a monthly routine.
Should Your Rentals Be in an LLC? Liability, Taxes, and Paperwork
Should your rental property be in an LLC? A plain look at liability protection, how a rental LLC is taxed, and the New York paperwork it adds for landlords.