Real estate, taxed thoughtfully.
Rental properties, short-term rentals, syndications, and 1031 exchanges. We help Utah investors keep more of every dollar of cash flow and every dollar of appreciation.
Real estate is tax-advantaged on purpose.
The Internal Revenue Code is, in places, written to encourage rental ownership. Depreciation, 1031 deferrals, the short-term rental loophole, and qualified opportunity zones are real tools, but the difference between a casual filing and a deliberate one is often tens of thousands of dollars per property over a holding period.
We file your rentals like the assets they are.
Six tools for six situations.
Not every strategy fits every property. We figure out which apply to you, in what order, and at what cost.
1031 like-kind exchanges
Defer capital gains and depreciation recapture by rolling sale proceeds into a replacement property. We coordinate with your QI, identify boot, track basis, and file Form 8824 correctly.
Short-term rental material participation
STRs with average stays under 7 days can break out of passive activity treatment, generating losses that offset W-2 income. We document hours, vet the strategy for your situation, and file accordingly.
Cost segregation studies
Reclassify components of a rental into 5-, 7-, and 15-year property to accelerate depreciation. We coordinate with engineers, apply bonus depreciation, and model the after-tax outcome before you spend a dollar.
Real estate professional status
Spouses or full-time investors who qualify get unlimited losses against ordinary income. We assess REPS eligibility honestly (most people who think they qualify don't) and document it properly when they do.
Schedule E rental returns
Long-term rentals filed correctly on Schedule E. Depreciation, repairs vs. improvements, mortgage interest, points, travel, and the right basis at sale.
Multi-property partnerships (1065)
If you own with a partner or family LLC, we prepare the Form 1065, issue K-1s, and reconcile inside vs. outside basis. Includes guaranteed payments, allocations, and section 754 elections when appropriate.
Local market, national rules.
Most of our real estate clients own in Utah County, Salt Lake County, Wasatch County, and the second-home corridor along the Wasatch Back. We file Utah TC-40s with rentals, allocate income for non-residents who own here, and handle out-of-state property when our Utah clients buy in Idaho, Arizona, or Texas.
Rental ownership creates a tax practice's worth of decisions. We make the ones that compound.
Plan the tax before the closing.
1031s have 45- and 180-day clocks. Cost segs are most valuable in the first year. Most of the value in real estate tax planning sits before you sign anything.