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Rental Property

Tax Advantages for Rental Property Owners

Many of our clients have rental properties, either as a primary business or as part of an entrepreneurial business portfolio. Our deep knowledge and personal experience with real estate rental properties (our founder and CEO, Chase Insogna, personally owns several rental properties) is assurance that our team is up-to-date on every tax-advantaged strategy available to owners.

Complex and often problematic, real estate tax laws have some unique opportunities for investors. If rental real estate is your business, consider the following:

rental property

Securing A Profit

Rental property can provide more tax benefits than almost any other investment. Making sure you maximize your tax deductions can help offset your personal income, so let our professionals help you capture everything owning a rental property allows you to take.

Whether you’re an individual rental real estate investor filing a Schedule E for one or more properties, or using a corporation or partnership to protect your assets and filing income taxes with an 1120C, 1120S or 1065, we’re here to help maximize your tax deductions and grow your investments.

Deductions Matter

Many expenses can be offset by deductions.

Here is a list of deduction opportunities to explore.

Depreciate your rental property tax and capitalize on other deductions.

Often, the largest deduction for rental real estate owners is not even money you’ve spent – it is depreciation. You are allowed to deduct the price of the building you purchased for either 27.5 years with a residential property or 39 years for a commercial property. If income drops lower than the IRS threshold to take rental losses.

Making Losses Work​

Net losses from a rental activity can be deducted in full against your personal IRS1040 income (subject to IRS limitations). If you’re not able to take deductions because you have too high of income, your losses never expire but rather are accrued until you sell the property and/or your personal IRS1040.

net losses

Do you have questions?

In a hurry?

Call now 512-891-8200.

What our clients say about us

Insogna CPA
4.9
Based on 47 reviews
Insogna CPA, PC
5.0
Based on 23 reviews
Chase and Ami are an absolute pleasure to work with!I was referred to Insogna CPA by a friend and feel very lucky to finally have found a CPA of this…
Jorge G.
Jorge G.
Great service, Chase and his staff are accessible and knowledgable, everything was done online after an introductory meeting, everything was very…
Dip D.
Dip D.
Absolutely love them. They are very Thorough and knowledgeable in their profession. So glad I found them.
Alej S.
Alej S.
This team of CPA’s made my business and personal tax process easier than ever. They are professional, patient and go the extra mile. Even with new the…
Barry S.
Barry S.
These guys have taken being a CPA to a new level – they are streamlined, efficient, responsive and fast. I will be a client for a long time!!
Ryan L.
Ryan L.
Very professional and knowledgeable! Looking forward to being a very long term client!
Doug F.
Doug F.
I first started working with the team for my small business–they were the only accounting firm who explained things to me in a straightforward way. We had…
Maggie J.
Maggie J.
The team at Insogna did a great job with our business and personal tax returns. They identified ways to reduce our taxes by thousands of dollars below what…
Dustin L.
Dustin L.
Ami helped me prepare my taxes for the past few years (including a real estate investment property and capital gains) and I’ve appreciated her patience…
Megan M.
Megan M.
I had the pleasure of working with Chase/Adam/Abby after being referred to them by another CPA who didn’t quite specialize in what I need (already a good…
Bill P.
Bill P.
Chase Insogna and his team of accountants and bookkeepers are on top of it. I have a software technology services as well as a product company and…
Boris P.
Boris P.
Outstanding service, knowledge and support. I would highly recommend this firm to anyone for personal or business tax or financial assistance. A big…
Jerome H.
Jerome H.
Insogna CPA made my experience of creating an LLC fast and easy. I was feeling very intimidated and unsure about the process but was pleasantly surprised at the straightforward process and reasonable price. This will be my first stop for any accounting needs!
Jennifer Brown
Jennifer Brown
We’ve used Insogna CPA for over 7 years and wouldn’t go anywhere else. They are unfailingly professional, thorough and patient. No matter how many questions…
Jodi C.
Jodi C.
I like to do as little as possible when it comes to taxes. Insogna does everything and on time. All we had to do was scan a few documents and answer a reasonable and brief questionnaire. SATISFIED.
Doug Windland
Doug Windland
I’ve been through MANY cpa’s and finally landed on Insogna. There’s never any surprise bills, all expectations and prices are clear and reasonable up…
Dustin B.
Dustin B.
As of 2019, I have used Ingsogna to file my taxes for three years. I keep coming back because it’s easy, affordable and accurate. The electronic document room is a great place to store everything. I have always worked with Ami and she’s always professional and courteous. I used TurboTax for years and that was fine, but as life changed, compensation increased and the tax laws continued to evolve, I found that Ami has saved my family money each year.
Christia Churchill
Christia Churchill
I have worked with the folks at Insogna for almost 4 years and I could not be happier with their services. Very responsive if we have a question and exceptionally friendly. They give me the flexibility to stay focused on my business knowing that are keeping our books in-line.
Kris Byrd
Kris Byrd
I’ve used Insogna CPA’s bookkeeping, tax preparation, and professional services for my business (Bravery Media) and personal finances since 2012. They have always been helpful, quick to respond, and impeccable in their work. As a small business owner, it’s nice to not have to worry about accounting while I’m trying to generate more business. I’ve recommended Chase and his staff to dozens of people since I started working with them.
Joel Goodman
Joel Goodman
I’ve used Insogna CPA’s bookkeeping, tax preparation, and professional services for my business (Bravery Media) and personal finances since 2012. They have…
Joel G.
Joel G.

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