Hall CPA PLLC

Inherited a rental property? Before you make any decisions, you need to understand what happens to the basis and depreciation.

In our recent blog, we break down:

- What stepped-up basis means and how it's calculated
- Whether you can start depreciating the property fresh
- What happens if you sell shortly after inheriting
- Key mistakes heirs make that cost them money

Whether you're keeping it, selling it, or reinvesting, knowing these rules puts you in a much stronger position.

Read the full breakdown here:

How to Inherit a Rental Property | Depreciation and Basis Learn how inherited rental property taxes work, including stepped-up basis, depreciation reset rules, and capital gains implications.

Relocating for work. Upgrading to a bigger place. Holding onto a property during a slow market.

There are a lot of good reasons to turn your old home into a rental. But the tax picture that comes with it? That part deserves a real conversation before you make the move.

Our latest blog walks through what changes when your primary residence becomes a rental property. 👇

Converting Your Primary Residence to a Rental Property Learn the tax implications of converting your primary residence into a rental property, including depreciation, capital gains, and IRS rules.

Can 1031 exchange proceeds go into a real estate syndication? Yes, but it's not as simple as most sponsors think.

In this episode of the Major League Real Estate Podcast, Nate Sosa and Thomas Castelli break down TIC arrangements, Delaware Statutory Trusts, and 721 Exchange/UPREIT structures.

Listen in to learn what syndicators and investors need to know before going down this road.

🎙️ https://on.soundcloud.com/2x5Yxa9aLgSQVBJSNX

Did you pay IRS penalties or interest between 2020 and 2023? The IRS may actually owe YOU money.

Two recent court cases, Kwong and Abdo, are challenging how the IRS handled COVID-era tax relief, and the outcome could mean a refund for taxpayers who paid penalties and interest during that period.

In the latest episode of the Tax Smart REI podcast, Thomas Castelli and Nathan Sosa walk through what these rulings mean, who may qualify, and what you need to do before the July 10, 2026 deadline to protect your rights.

Full episode linked below.

https://on.soundcloud.com/cXfrdFTsJSRiIJlNdu

Active investing can create massive upside. But it also demands time, systems, and ex*****on.

On June 24 at 4 PM ET, Hall CPA sits down with Taylor Jones (STR Search) to break down what active investing really looks like today.

We’ll cover:
• Active real estate strategies
• Market opportunities investors are missing
• Operational challenges and scaling
• Risk management and adaptability
• What separates successful operators from struggling investors

If you’re actively investing or considering making the shift, don’t miss this conversation.

Register once and attend both sessions of The Great Investing Debate.

Welcome! You are invited to join a webinar: The Great Investing Debate: Active vs. Passive . After registering, you will receive a confirmation email about joining the webinar. This June, we’re bringing together two operators who understand what it takes to win in today’s market: June 10 at 4:00 pm ET Passive Investing with Tait Duryea Turbine Capital | Passive Income Pilots June 24 at 4:00 pm ET Active Investing with Taylor Jones STR Search Across two live sessions, w...

Are you paying your kids to work in your real estate business?

If not, you could be handing the IRS money you never had to.

The strategy is legitimate, and most real estate investors with kids are missing it completely.

The catch is that your entity structure, your documentation, and your child's age all determine whether it actually holds up.

Nate Sosa, CPA, MST breaks down the strategy and the numbers in our recent article:

Hiring Your Kids: Tax Savings, Roth IRA Benefits & IRS Rules Learn how hiring your kids in your real estate business can create major tax savings, Roth IRA growth, and payroll advantages.

Everyone has an opinion about investing. Very few people have actually sat down with experts on both sides.

That’s exactly what we’re doing.

Join Hall CPA for a two-part live webinar series where we break down:
• Active vs. passive investing strategies
• Risk, returns, and time commitment
• Tax implications and portfolio structure
• What works in today’s shifting market
• How to identify missed opportunities in your current strategy

June 10 at 4 PM ET: Passive Investing with Tait Duryea (Turbine Capital | Passive Income Pilots)

June 24 at 4 PM ET: Active Investing with Taylor Jones (STR Search)

Each session includes:
• 20-minute expert presentation
• 30-minute live discussion
• 10-minute open Q&A

Register once. Attend both.

https://us02web.zoom.us/webinar/register/WN_DS0UOdANTRK_hZ5PoC52ag

Texas may not have a state income tax, but that does not mean real estate investors are off the hook when it comes to taxes.

High property taxes, depreciation recapture, passive activity loss rules, and capital gains taxes can all have a major impact on your investment returns if you are not planning ahead.

Many investors also overlook how short-term rental rules, LLC structures, and recordkeeping requirements can affect their tax situation over time.

Understanding these issues before buying your next property can help you avoid costly surprises and improve long-term profitability.

Read our full article for additional details and planning considerations.

Texas Real Estate Investing & Tax Strategy | Texas Tax | Hall CPA Learn the key tax considerations for Texas real estate investors, including property taxes, depreciation, deductions, capital gains, and more.

A recent court ruling could open the door for taxpayers to recover IRS interest and penalties paid during the COVID tax period.

If you paid IRS underpayment interest, late-filing penalties, late-payment penalties, or estimated tax penalties on a return originally due between January 20, 2020 and July 10, 2023, you may have a path to request a refund.

The key deadline is July 10, 2026. To preserve the right to a potential refund, taxpayers may need to file a protective refund claim with the IRS before that date.

Read the full article on our website for additional details and next steps.

Kwong v. United States | COVID Interest & Penalties Refund Recent court rulings may entitle taxpayers to refunds for IRS interest and penalties assessed during the COVID-19 disaster period.