Real Estate
Comprehensive Real Estate Tax Consultants
Rated 4.9 / 5 based on 650+ reviews
Maximizing Real Estate Tax Benefits for Investors
We can help structure tax efficient entities for various real estate activities, create a tax planning strategy that allows you to legally keep as much money as possible, and prepare your annual tax returns.
There are numerous tax advantages to owning real estate, particularly if you’re an investor seeking the long-term stability and growth potential that real estate provides. Some of the tax-related real estate situations or tax professionals can help with include:
- Depreciation: The wearing down of an asset over time is known as depreciation. It is a “paper loss”: You don’t actually spend money out of your pocket, however, you are still entitled to credit for the expense. This expense can offset taxable income and save money on your tax bill.
- Installment sales: Also known as seller financing or a seller carry-back mortgage, this is a method of reducing taxes on the sale of real estate. Installment sales are only available to property investors (not house flippers). They allow an investor to defer capital gains tax, but the entire amount of accumulated depreciation must be recaptured at the initial time of sale.
- Section 1031 tax-free exchange: A 1031 exchange allows you to trade one property for another without paying taxes. You must follow specific rules, and you must be classified as an investor (not a dealer who flips houses). In return, you get to use 100% of the profits from the sale to reinvest in the next property. This maximizes the growth and compounding of your investments.
- Live-In Flip: A handy method of avoiding capital gains tax is to use a strategy called the “Live-In Flip.” Buy and immediately move into a property as your principal residence; as long as you live in the home for two out of the next five years, you can personally earn an annual tax-free profit of up to $250,000 as an individual or $500,000 as a couple.
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Eileen Petroski2024-08-21Im really looiking forward to doing business with Nicole at Robert Hall, she really took the time with me to get to know and understand my business and help me save money on my taxes and earn money in the market, i feel very relieved
Jodi Tija2024-08-11Tony Watson is a wonderful accountant he is very professional and friendly. We know we are in good hands with Tony!
Alan Temps2024-07-31I had a phone consultation Mike at R. Hall & Assoc. on various aspects of taxes. Mike is very personable and definitely knows his stuff. He answered all of my questions and gave me confidence on how to proceed regarding my trust, business and taxes.
Annie2024-07-10had a great initial consult with Nicole, excited to start working with her on tax strategy!
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Top Real Estate Tax Accountants Serving Glendale, Burbank, and Pasadena
Robert Hall & Associates has assisted Glendale, Burbank, and Pasadena real estate developers, investors, and real estate agents implement the best tax strategies and enhance the values of their real estate holdings since 1971. We know how competitive and fast-paced the industry is, so our real estate tax consultants will provide the latest information, anticipate needs, and offer solutions that clients might not have considered. See the difference the right real estate accountant can make for your business. Call 818.242.4888 today or fill out our online contact form to schedule a consultation with one of our tax preparers.