Boutique CPA Firm · Glendale · Burbank · Pasadena · Los Angeles Serving clients in all 50 states

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Real Estate CPA in Los Angeles

Tax and accounting for developers, investors, brokers, agents: transaction structuring, 1031 exchanges, Real Estate Professional status.

A property closing packet open on a table beside rolled blueprints and keys

The Right Real Estate Tax Advisor Can Open Doors

Property type, acquisition timing, development approach, how each parcel is used then sold: every one of these changes the tax result, and every one is decided before the return is filed.

Real estate companies across California, including Los Angeles and Orange counties, work with GT.

Developers, investors, brokers, agents: depreciation strategy, passive activity planning, exchange structuring are worth more before a transaction than after it.

45 / 180
Days Section 1031 identification and closing deadlines on a like-kind exchange.
§1031
Like-kind exchanges Consulting and calculations, including exchange-versus-pay-the-tax scenarios.

Our Real Estate Tax Services Include:

  • Transaction structuring
  • IRC Section 1031 like-kind exchange consulting and calculations
  • Real Estate Professional status & grouping strategies
  • Passive activity rules
  • Tax planning & compliance
  • State & local taxes
  • Tax-efficient entity structuring for real estate activities

This work pairs with tax planning & consulting for multi-year projections, plus entity formation when a new holding or development structure is needed.

Real Estate Tax Questions

What does a real estate CPA do that a general accountant does not?
Real estate taxation is its own discipline: depreciation, cost segregation, passive activity limits, Real Estate Professional status, 1031 exchanges, plus the entity structures that change every one of those answers. A real estate CPA plans the transaction before you sign. A general accountant meets it at filing time, once the options have closed.

How does a 1031 exchange work?
IRC Section 1031 lets you defer capital gains tax when you sell investment or business real estate, then reinvest the proceeds in like-kind property. Strict identification plus closing deadlines apply (45 days, then 180), alongside rules on debt and boot. We handle the consulting and the calculations, including scenarios comparing an exchange against paying the tax.

What is Real Estate Professional status and why does it matter?
Qualifying as a Real Estate Professional under the tax code lets rental losses offset ordinary income rather than being trapped by passive activity rules. Qualification depends on documented hours plus material participation, and grouping elections can make or break it. We evaluate whether you qualify, then structure your records so the position holds up.

Which entity should hold my rental properties?
It depends on liability exposure, financing, the number of owners, and your exit plans. LLCs are common, but the right structure varies by activity (rentals, flips, development, brokerage). We structure entities so each real estate activity is taxed efficiently and your personal assets stay protected.

Get in Touch with Our Real Estate Tax Experts

Planning an acquisition, a sale, or an exchange? The earlier we look at it, the more options you keep.

Prefer to talk? Call 818-570-0071 or email info@gttaxcpa.com.