Real Estate Tax Services

Tax preparation and planning for NJ real estate investors and property owners.

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5.0 · 9 Google ReviewsNJ CPA Firm Lic. #20CB00789800

Real estate tax services cover Schedule E rental income reporting, passive activity loss rules, depreciation schedules, 1031 exchange guidance, and NJ-specific rental property tax compliance. Monaco CPA helps NJ landlords and real estate investors minimize tax liability and stay compliant.

Owning rental property in New Jersey comes with real tax complexity - depreciation schedules, passive activity loss rules, NJ-specific rental income reporting, and potential 1031 exchange planning. Getting it wrong can mean missed deductions or unexpected tax bills.

Monaco CPA works with NJ landlords and real estate investors to maximize legitimate deductions, properly track depreciation, and plan around key tax events like property sales and exchanges.

Whether you own a single rental unit or a portfolio of investment properties, you'll work directly with Greg Monaco, CPA - a NJ-licensed CPA who understands the local real estate market and the tax rules that apply to it.

What's Included

Schedule E rental income and expense reporting
Depreciation schedule preparation and review
Passive activity loss analysis
Rental property sale gain/loss calculations
1031 exchange guidance and planning
NJ rental income tax compliance
Short-term rental (Airbnb/VRBO) tax treatment
Cost segregation analysis (when applicable)
Entity structure advisory for real estate holdings
IRS notice support

How It Works

1

Property Review

I review your rental properties, income, expenses, and existing depreciation schedules.

2

Depreciation & Deductions

I identify every eligible deduction and build accurate depreciation schedules for your properties.

3

Return Preparation

I prepare your federal and NJ returns with full rental property reporting.

4

Planning for the Year Ahead

I discuss strategies for upcoming property transactions, improvements, and tax optimization.

Frequently Asked Questions

What can I deduct as a landlord?
Common deductions include mortgage interest, property taxes, insurance, repairs and maintenance, property management fees, professional fees (CPA, attorney), advertising, and depreciation. I'll identify every deduction you're entitled to.
How does depreciation work for rental property?
Residential rental property is depreciated over 27.5 years under MACRS. This non-cash deduction can significantly reduce your taxable rental income. I prepare and maintain your depreciation schedules to make sure nothing is missed.
What is a 1031 exchange?
A 1031 exchange allows you to defer capital gains tax when selling a rental or investment property by reinvesting the proceeds into a like-kind property. Strict IRS timelines apply - I help you plan and coordinate to meet the requirements.
Do you handle short-term rentals like Airbnb?
Yes. Short-term rentals have different tax rules depending on how many days you rent and whether you use the property personally. I determine the correct tax treatment and make sure you're capturing all available deductions.
“Extremely professional, thorough, and organized from start to finish. He takes the time to explain everything clearly and make sure nothing gets overlooked. Communication is always timely, and the whole process feels effortless on my end. Truly a 5-star business.”

Ryan D.

These testimonials reflect individual client experiences and do not guarantee similar outcomes. Results vary based on each client's specific facts and circumstances. No client was compensated for providing a review. Tax savings and outcomes depend on individual tax situations and are not typical of all client experiences.

Ready to Get Started?

Start your tax return or send a message to discuss how I can help.

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