QTA Tax works with real estate investors and developers across Chicagoland. We understand the unique tax rules for property owners. Our team handles everything from rental income reporting to complex 1031 exchanges. We help you keep more profit from your investments.
Rental property accounting is a core service. We track income and expenses for each property. We calculate depreciation schedules accurately. We also handle repairs versus improvements classification. Getting this right saves you money on your return.
1031 exchanges let you defer capital gains when selling investment property. The rules are complex and the timelines are strict. You have 45 days to identify replacement property. You must close within 180 days. Our team manages the entire process to keep you compliant.
Cost segregation studies can accelerate your depreciation. This front-loads deductions in the early years of ownership. It works well for commercial buildings and large residential properties. We coordinate with engineers to get the study done right.
We also work with REIT investors and real estate partnerships. K-1 reporting for real estate entities requires special expertise. Our team prepares these schedules accurately. We understand passive activity rules and at-risk limitations. These details matter at tax time.
Contact us at 630-881-4679 for real estate tax help. Visit our Oak Brook office at 900 Jorie Blvd Suite 101.