CPA of Denver · Work directly with Philip M. Falco, CPA
CPA of Denver helps rental-property owners and real-estate investors connect their property records with federal and Colorado tax preparation and planning. The engagement is defined around ownership, rental activity, records and the decisions you want to evaluate.
Rental Property Return Preparation
We review income, expenses, depreciation schedules, ownership and prior returns to determine the filing scope. Individually owned rentals and property held through partnerships can involve different filings. See individual preparation and partnership preparation. Rental activity falls outside the limited $99 W-2-only service.
Plan Before a Purchase, Conversion or Sale
Bring proposed transactions forward before committing. The review can identify information needed for a projection, the effect of changing rental use and questions around property sales. A detailed transaction comparison is separately scoped through tax planning or the Tax Strategy Series.
Repairs, Improvements and Depreciation Records
Provide itemized project invoices, acquisition records and prior depreciation schedules. An expense description alone may not establish whether it is deductible or capitalized. Our repairs-versus-improvements guide explains the records that help evaluate the question.
Losses, Personal Use and Participation
A rental loss does not automatically reduce wage income. Rental use, personal use, participation, income and loss limitations can affect the result. Flag short-term rentals, changes of use and missing suspended-loss history before the engagement is quoted. Specialized analyses and cost-segregation studies are not included in a routine return or consultation.
Selling a Rental Property
Taxable gain depends on the property’s adjusted basis and transaction facts, not simply cash remaining after a mortgage payoff. Review sale planning before closing and discuss estimated payments alongside the proposed sale.
Your Real Estate Tax Resource Hub
- Airbnb, Vrbo and short-term rental tax preparation and strategies
- Tax records for rental-property return preparation
- Rental-property planning checklist
- Repairs versus improvements
- Selling a rental property
Agree on the Scope
Multiple properties, partnership tiers, multi-state filings, bookkeeping reconstruction and missing depreciation history can require additional work. We identify the records and fee before accepting preparation or planning. Compare fees and engagement options; ongoing business-owner support is described under Business Advisory.
Frequently Asked Questions
Do you handle rental property through an LLC?
The filing depends on ownership and tax classification. We review those facts and the property records before defining the engagement.
Is a cost-segregation study included?
No. A specialized study and related implementation require a separate scope and may require another professional.
Choose Your Next Step
For a focused question, review the $350 CPA Consultation: up to one hour total for document review, preparation and the telephone call. Larger analyses and implementation require a separate engagement. For service-fit and pricing questions, send a brief inquiry; do not include sensitive financial records.
Official References
Updated October 17, 2026 · CPA of Denver. General information; the applicable tax year, facts and written engagement determine the work and advice provided.
Family Home Sales and Seller Financing
Planning a purchase or sale between relatives? Review family seller-financing tax planning before finalizing the agreement. Supporting guides cover interest-rate questions, installment reporting and below-market terms and gifts.
Download the Before You Sign checklist (PDF). Written recommendations and detailed calculations are separately quoted.
More Preparation and Planning Options
Review standard individual, Schedule C, rental, business-and-owner and election starting fees, or compare annual advisory plans billed monthly. Existing limited fixed-fee services retain their own eligibility and scope.