Real Estate Tax and Property Level Accounting | Redwood Tax

Real estate records can quickly become overwhelming. While many smaller investors and operators may have their financial documentation seemingly "completed," they often overlook some critical questions:

- What is the income generated by each property?
- What expenditures were capitalized?
- What items are included in the depreciation schedule?
- Which assets are associated with each LLC?
- What will be significant come tax time?

 

 

 

 

 

 

 

 

Real Estate Tax Preparation

We prepare returns for real estate investors, LLCs, partnerships, and closely held entities. That includes the filing itself, but also the work behind it like depreciation, fixed assets, entity issues, and multi state questions. Preparation

Property Level Bookkeeping

We set up and clean up QuickBooks Online so income and expenses can be tracked by property, address, or LLC instead of one messy combined P&L.

That matters if you want to know which properties are actually performing and which ones are not.

Depreciation and Fixed Asset Tracking

We help keep depreciation schedules current as properties are bought, improved, refinanced, or sold. That includes review of capital improvements, asset additions, and cleanup of old fixed asset schedules.

1031 and Sale Planning

If you are selling property or looking at a 1031 exchange, planning matters before the transaction closes. We help clients think through timing, depreciation recapture, estimated tax impact, and book cleanup before the year end scramble.

Controller Level Support

Some clients need more than tax prep but do not need a full time controller. We provide monthly or periodic support to review books, clean up reporting, and make sure the accounting is usable at the entity and property level.

Who is this for and Why hire us?

 

Who this is for?

This is a good fit for:

  • Real estate investors with multiple properties

  • Owners with multiple LLCs

  • Partnerships holding rental or mixed real estate

  • Operators who need cleaner QBO reporting

  • Clients who want tax ready books without building an internal accounting team-Think BOGO but its accounting experts!

Why clients hire us

They are tired of books that look finished but do not tell the whole story.

We help clients get to:

  • Cleaner QuickBooks files and Custom Reporting

  • Clearer property level reporting

  • Updated depreciation schedules-Yay Maximizing Taxes!

  • Better tax planning

  • Fewer surprises at filing time