Real Estate Tax & Accounting
Your portfolio has grown. Your accounting and tax system should too.
PMD CPAs works with real estate investors who own multiple properties and need a financial and tax system built for what comes next.
The Property Lifecycle
Acquire. Organize. Operate. Plan. Sell.
Every stage of owning investment real estate creates accounting and tax decisions. We help you get them right.
Stage 01
Acquire
Set up the right entity structure, allocate purchase price correctly, establish depreciation, and implement bookkeeping from day one.
Core Services
Built for the complexity of a growing portfolio
Our real estate services are designed for investors who are moving beyond one or two rental properties and need a more organized financial and tax system.
Real Estate Bookkeeping Setup
Establish a reliable accounting system for each property and entity, with consistent categories, properly connected accounts, and reports designed for rental real estate.
Consolidated Rental Portfolio Reporting
Combine information from multiple properties and entities into one understandable portfolio report while preserving property-level detail.
Proactive Real Estate Tax Planning
Identify tax issues and planning opportunities before year-end and before major property transactions. Estimate your liability so there are no surprises.
Real Estate Partnership Returns
Prepare partnership returns and investor reporting while tracking property activity, partner contributions, distributions, debt, and tax basis.
Property Disposition Planning
Estimate the tax impact of selling, exchanging, or transferring property before the transaction becomes final. Model sale versus exchange, recapture, and after-tax proceeds.
Tax Planning Areas
The tax issues that come with a growing portfolio
Rental real estate creates a specific set of tax challenges. We work through them with you.
Passive Activity Loss Planning
Rental losses may be limited and carried forward depending on participation, income, and the nature of the activity. We review current and suspended losses, model income planning, and coordinate with disposition strategy.
Depreciation Planning
Proper depreciation starts with correct land and building allocation and extends to furniture, equipment, qualified improvement property, bonus depreciation, and missed depreciation review.
Cost Segregation Planning
Cost segregation can accelerate deductions on purchased, constructed, or renovated properties. We screen properties for suitability, estimate the tax benefit, and coordinate with specialists when it makes sense.
Section 1031 Exchange Planning
A 1031 exchange defers gain but requires careful planning. We review exchange suitability, analyze replacement property options, model boot and basis, and coordinate with your qualified intermediary.
Partnership Tax Planning
Partnerships require tracking contributions, distributions, tax basis, capital accounts, debt allocations, and special allocations. We prepare partnership returns and provide clear K-1 and capital reporting.
Acquisition & Disposition Planning
We review closing statements, allocate purchase price, set up depreciation, and model the tax consequences of a sale or exchange before the transaction is final.
Real Estate Professional Status
Qualifying as a real estate professional can change how rental losses are treated. We conduct a preliminary qualification review and provide documentation guidance. This designation is not available to every investor.
State & Local Tax Planning
Investors that are expanding face nonresident filings, state withholding, entity-level taxes, and multistate partnership reporting. We help you stay current as your portfolio grows.
Who We Serve
You may be ready to work with us if…
We are not the right fit for the first-time landlord with one small rental and minimal activity. Our clients are investors who are beginning to experience complexity.
Client Experience
One platform for everything
TaxDome is our end-to-end client platform for onboarding, document sharing, e-signatures, and fee administration. It is a centralized communication center that gives you a clear, organized experience.
Our Partners
Let's talk about your portfolio
We work with a limited number of clients. If you are ready for a more organized financial and tax system, reach out and we will set up a time to talk.
PMD CPAs
31275 Northwestern Highway, Suite 101, Farmington Hills, MI 48334
248.737.6050 EXT. 245[email protected]Get Directions →