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Real Estate Tax Services

Maximize Your Real Estate Industry Tax Savings

Learn how SmartCloud Tax can help you navigate the complexities of taxes for real estate professionals, from deductible expenses to tax credits.

Plan And Project

We assist you in making data-driven projections for your real estate investments and planning according to those estimates.

Cut Costs

We evaluate your rental properties to identify wasteful spending and uncover new commercial real estate investment opportunities.

Tax Forms for Real Estate Professionals

We identify and file essential forms for your real estate business, including Schedule E, Form 1120, Form 1065, and other necessary tax documents.

Getting started is quick and easy.

1

Schedule your FREE 30 Minute Call with one of our experts.

2

Tell us about your real estate business's needs.

3

We'll create a year-round tax strategy and match you with a tax advisor experienced in the rental management industry.

What are Real Estate Taxes and the Rental Income Tax Rate?

Real estate taxes are based on the property's value and are paid annually. Your income tax rate, which ranges from 10% to 37%, is determined by various factors.

Maximize Your Real Estate Industry Tax Savings

Work with the Real Estate Tax Accounting Professionals

Managing rental properties, whether traditional, VRBO, or Airbnb, can be tedious and time-consuming, leaving little room for tasks outside your expertise. That's why SmartCloud Tax offers real estate accounting services for property managers like you.
We make rental property management stress-free and provide powerful insights to simplify your business operations.

What deductible expenses can real estate professionals claim?

Real estate professionals can claim several deductible expenses related to their job duties. Common deductions include marketing expenses, office supplies, travel expenses, and licensing fees.

How do I calculate taxes on rental income?

To calculate tax on your rental income, you add up all the rent that you’ve received, plus any property-related costs, and subtract the expenses from your gross income.

What are the tax benefits of owning rental property?

A real estate CPA or real estate tax accountant can help identify business-related expenses that may be deductible from your rental income.

How does rental property affect taxes?

Rental income should be reported like any other income on your tax return. If your total income, including rental income, surpasses a certain threshold, you might move into a higher tax bracket and face a higher tax rate.

How can real estate professionals maximize their retirement contributions?

Real estate professionals can maximize retirement contributions by participating in retirement plans such as a SEP IRA, SIMPLE IRA, or 401(k). Each plan has different contribution limits and tax benefits, so it's essential to choose the right plan based on your financial situation.

What are the common tax pitfalls for real estate professionals?

Common tax pitfalls for real estate professionals include underestimating quarterly tax payments, failing to track all deductible expenses, and not planning for taxes on additional income sources. Proper tax planning and professional advice can help avoid these issues.

Maximize Your Real Estate Industry Tax Savings
Speak to our experts about real estate accounting today!

Maximize your real estate business's potential by working with SmartCloud Tax professionals. A quick call is all it takes to get started!

Small Business Tax Credits

FREE 30 MINUTE CONSULTATION

Ready to get started with SmartCloud Tax & Accounting?  Book your advisory call today, just click this link!

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