Real Estate Accounting
Why Real Estate Accounting Matters
Real estate businesses face accounting challenges that traditional bookkeeping often doesn’t address. Property transactions involve depreciation schedules, 1031 exchanges, rental income tracking, and complex entity structures — areas where mistakes can lead to overpaid taxes, missed deductions, or misreported gains.
At BlancPeak, we provide specialized real estate accounting services for investors, developers, brokers, and property managers. From tax-efficient structuring and cash-flow reporting to portfolio-level tax planning, our CPAs keep your records accurate, your tax strategy optimized, and your reporting lender- and investor-ready — so you can focus on growing your real estate portfolio with confidence.
What's Included
- Real estate tax preparation and year-round tax planning
- Rental property income and expense tracking
- Depreciation strategies and cost segregation analysis
- 1031 exchange structuring and compliance support
- Partnership, LLC, and multi-entity tax filings
- CPA-prepared financial statements for lenders and investors
We Help With
- Clarifying depreciation methods and cost segregation opportunities
- Accurate reporting of rental income and operating expenses
- 1031 exchange structuring and capital gains deferral strategies
- Multi-entity compliance for partnerships and LLCs
- Real estate professional status analysis and tax planning
Explore More Business Accounting Services
- Bookkeping Services — accurate, up-to-date books with CPA oversight
- Payroll Services — compliant payroll processing with tax and employee reporting
- Financial Statement Preparation — professional balance sheets, income, and cash flow statements
- Quickbooks & Xero Setup — software setup and optimization for seamless accounting
- Nonprofit Accounting — tailored compliance and donor reporting for nonprofits
- E-commerce Accounting — solutions for online businesses with sales tax integration
- Medical Practice Accounting — specialized support for healthcare practices
FAQs: Real Estate Accounting
Effective real estate accounting supports accurate reporting, tax efficiency, and sound decision-making. The FAQs below address common questions around property taxation, depreciation, entity structuring, and compliance faced by real estate investors and owners.
Why do real estate investors need a specialized CPA?
Real estate is governed by complex tax rules that materially affect returns. A specialized CPA understands depreciation methods, cost segregation, 1031 exchanges, and entity structuring — helping you reduce tax exposure, stay compliant, and avoid costly mistakes.
What is cost segregation, and how does it benefit investors?
Cost segregation is a tax strategy that reclassifies certain property components—such as fixtures, finishes, and improvements — into shorter depreciation lives. This accelerates deductions, improves cash flow, and reduces current tax liability, especially for newly acquired or large properties.
Can you help with 1031 exchanges?
Yes. A 1031 exchange allows you to defer capital gains taxes by reinvesting proceeds into a like-kind property, but the process is highly regulated. We advise on proper structuring, coordinate with qualified intermediaries, and ensure IRS compliance at every stage.
Do I qualify as a real estate professional for tax purposes?
You may qualify if you spend more than 750 hours per year — and more than half of your working time — on real estate activities. This status can allow passive losses to offset other income. We assess eligibility, help with documentation, and integrate the designation into your tax strategy.
What entity structure is best for a real estate business?
The optimal structure — LLC, partnership, or corporation — depends on your investment goals, liability considerations, and tax profile. We evaluate your situation and recommend structures that balance asset protection with long-term tax efficiency.
