Rental Property Tax Returns: Getting the Best Tax Treatment

Rental property taxes don’t have to be a headache.

If you own a rental property, you understand that reporting income and expenses on your taxes can be a headache.

Let’s take the time to talk and understand your income-producing property, then develop a strategy such that you get the most out of your investment, with the most advantageous tax treatment possible.

Rental property tax realities.

When you have rental property, you already know the day to day management can sometimes be a headache.

Reporting income and expenses on your tax return can also create problems if you do not take time to document things during the year.

Most of the time rental property operates smoothly. But then something comes up that requires you to be at the property to oversee repairs or interview prospective tenants.

Many of your expenses may be deductible on your tax return. ABC tax service has a comprehensive system to help you document your rental property for tax purposes.

Get a free consult.

Take care of the small tax problems while you can.

We recommend taking care of little problems at your rental before they become big problems. Little problems are seen as repairs by the IRS.

If you make any material improvements to the property you must depreciate that expense over a number years. Taking a deduction over several years often times creates cash flow problems.

When we meet with you, we will take time to talk with you about your income producing property. We help you develop strategies to get the most out of your investment with the most advantageous tax treatment.

Please send us an email or call us at (619) 260-1955 to arrange a complimentary initial consultation.

Get a free consult.

Isn't it time you upgraded your tax guy?

Save money

You get you a larger refund when we find the legitimate business deductions that are often overlooked… Unless you like giving your extra money to the government.

Friendly & simplified

Understand your tax return with a tax preparation specialist that will explain the process in a thorough, easy-to-understand way.

Satisfaction guaranteed

If you are not happy with our work and you decide not to file the return we prepared for you, we will not charge you.

Free, no-obligation consultation

With a free consult, you might as well see for yourself. You’ll understand why we have an excellent reputation in San Diego for being friendly, fair and thorough.

Testimonials

Randy was very professional, thoroughly explained my return, and made recommendations as necessary. If we are still in the San Diego area next year, I will be returning to ABC Tax Service.

LisaSan Diego

It was very easy to schedule an appointment with Randy (He came recommended from a family member.) He is knowledgeable, reliable and very thorough. Highly recommended.

BreannaSan Francisco

Randy prepared the returns for my brother-in-law and his Trust, for which I am the trustee, in less than a week.

MicheleSan Diego

Randy was awesome. I set up an appointment online as a new client. Even with the closures due to COVID-19, Randy guided me through an online process and had my taxes processed in a couple of hours.

HeatherSan Diego

Randy has done a great job with our return the last couple of years even with complicated filing. I would recommend Randy to anyone and we gladly make the hour drive from San Clemente down to San Diego to have him handle our taxes.

JenSan Clemente

We have complex tax returns every year, and every year, since moving to San Diego, we have trusted this tax preparation service with our complicated returns. Very personable/professional staff and phenomenal knowledge of tax law.

IanSan Diego

Randy Ames, tax preparation expert and owner of ABC Tax Service in San Diego.

Randy Ames, owner of ABC Tax Service, San Diego

FAQ

Why is ongoing documentation important when you own a rental property?

Reporting income and expenses on your tax return can also create problems if you do not take time to document things during the year.

Why is it important for your taxes to take care of little problems at a rental property?

Little problems are seen as repairs by the IRS.

If you make any material improvements to the property you must depreciate that expense over a number years. Taking a deduction over several years often times creates cash flow problems.

Why is it important for those with rental properties to meet with a tax specialist?

Tax specialists help you develop strategies to get the most out of your investment with the most advantageous tax treatment.

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