Real Estate Tax Returns

Federal and state tax return preparation for real estate investors and their entities. Returns are prepared by our in-house CPA, with the books and capital accounts already tied out.

What This Is

Tax return preparation for real estate investors and their entities, with a focus on partnerships. We prepare individual returns (Form 1040), partnership returns (Form 1065), S-corporation returns (Form 1120-S), and C-corporation returns (Form 1120). For investors who hold property in multiple states, we handle the multi-state filings that come with a geographically spread portfolio.

All returns and K-1s are prepared by the firm’s in-house CPA. Matthew coordinates the work and manages the client relationship, and the CPA handles the technical preparation and filing. Because we keep the books for most of our tax clients, the numbers behind the returns are already reconciled and ready when filing season arrives.

Return Types We Prepare

Individual returns for investors who hold property in their own name or through disregarded entities. Partnership returns for LLCs taxed as partnerships, which make up the majority of syndication and fund structures. S-corp and C-corp returns for investors who operate through corporate entities. The partnership work is a particular focus given our syndication and fund client base.

Multi-State Filing

Real estate investors often hold property across state lines. A portfolio might include rentals in Texas, a syndication interest in Arizona, and a development project in Georgia. Each state has its own filing requirements. We handle the state returns alongside the federal return so everything files together and nothing gets missed.

Why This Matters

Most real estate investors have their books in one place and their tax preparer somewhere else. Every year, they gather statements, export reports, and send everything to a CPA who is seeing the numbers for the first time. The CPA asks questions. The investor digs through files. Depreciation schedules get rebuilt. Capital accounts get reconstructed. It takes longer than it should and costs more than it needs to.

When the same firm that keeps your books also coordinates your returns, that friction disappears. The chart of accounts is already set up for tax reporting. Depreciation schedules are maintained throughout the year. Capital accounts reconcile to the books every month. By the time filing season arrives, the heavy lifting is already done.

Numbers That Already Tie Out

Depreciation schedules match the fixed asset records. Capital accounts match the investor ledgers. Income and expense categories map cleanly to the return. There is no scramble to reconcile books to tax because the books were built with tax reporting in mind from the start. The CPA can focus on the return itself rather than reconstructing the inputs.

Partnership Complexity

Partnerships create the most work at tax time. Each partner needs a K-1 reflecting their share of income, losses, depreciation, and credits. Allocations have to follow the operating agreement. Capital accounts have to tie to the waterfall. For syndicators with 20, 50, or 100 investors, this is a serious administrative burden. Having it handled by a firm that already tracks the capital accounts makes the whole process faster and cleaner.

What Changes

Filing becomes a straightforward step in the annual calendar rather than a stressful project. The books close, the CPA prepares the returns, K-1s go out to investors on schedule, and you move on. There is no back and forth trying to explain your depreciation method or track down a missing capital contribution from three years ago. The information is already in the system.

For syndicators, this means K-1s delivered within the timeframes your operating agreement requires. For individual investors, it means a return that reflects the real economics of your portfolio without surprises. For everyone, it means one relationship instead of two, with the bookkeeping and tax work coordinated under one roof.

A Coordinated Process

You work with Matthew throughout the year on your books and financial planning. When tax season arrives, the firm’s CPA prepares your returns using the records that are already in place. Questions get answered quickly because the context is already there. The whole engagement operates as one coordinated process rather than a handoff between unrelated parties.

Filing and Strategy Together

Tax returns are compliance work. They report what already happened. For the forward-looking strategy side of things, the tax advisory and planning service handles cost segregation, 1031 exchanges, entity structuring, and year-round tax planning. The two services work together. Planning shapes the decisions. Filing reports the results. Both are available through the firm.

Boutique Real Estate Accounting Firm