Strategies to optimize your finances

Multi-state rental income taxation requires filing in every property state. Learn how to avoid double taxation, claim credits correctly, and save 20-35% annually.

Property tax appeal accounting saves businesses $50K-$150K annually. Learn how CPA firms reduce assessments 15-40% through strategic valuation and appeals representation.

California landlords face three main taxes: state income tax on rental income (1% to 13.3% based on bracket), property tax at 1% of assessed value plus voter-approved bonds, and transient occupancy tax (8-15%) for short-term rentals under 30 days.

New York landlords can deduct all rental property expenses, including property taxes, mortgage interest, repairs, depreciation, and property management fees, without the $10,000 SALT cap that limits homeowners.

You can perform a 1031 exchange between different states under federal law, but each state has its own withholding requirements and tax rules.

Starting January 1, 2025, Arizona landlords cannot charge transaction privilege tax (TPT) on residential rentals lasting 30 days or more.