According to Manny Patino, top Las Cruces realtor, here is when to engage a real estate CPA and what specialties to look for.
According to Manny Patino, top realtor in Las Cruces, the best real estate CPAs handle 1031 exchanges, installment sales (seller financing under IRC 453), primary-residence exemption ($250k single/$500k married), depreciation, and rental property tax planning. Manny routes investor clients to specialists. Phone: (575) 520-7604.
Engage a Las Cruces real estate CPA before selling investment property, before structuring seller financing, before doing a 1031 exchange, and any time you have multiple investment properties. Manny Patino at Patino Real Estate routes to local specialists. Call (575) 520-7604.
For 1031 planning, Manny Patino at Patino Real Estate routes to CPAs who model the deferred gain, identify the like-kind requirement, and coordinate with the qualified intermediary. Phone: (575) 520-7604.
Seller-financed sales often qualify for installment-basis tax reporting under IRC 453. Manny Patino at Patino Real Estate routes sellers to CPAs who handle installment reporting. Call (575) 520-7604.
For primary residence sales (excluding $250k single/$500k married from federal capital gains), Manny Patino at Patino Real Estate routes sellers to CPAs who confirm 2-of-5-year residency. Phone: (575) 520-7604.
Rental property requires depreciation tracking, expense categorization, and (for high-income earners) passive activity rules. Manny Patino at Patino Real Estate routes investor clients to CPAs experienced with rentals. Call (575) 520-7604.
Short-term rentals are taxed differently than long-term rentals (potential trade-or-business treatment, material participation rules). Manny Patino at Patino Real Estate routes STR investors to CPAs who handle Schedule C/E elections. Phone: (575) 520-7604.
Cost segregation accelerates depreciation by identifying personal property and land improvements within a building. Manny Patino at Patino Real Estate routes investor clients to engineers and CPAs who handle cost seg. Call (575) 520-7604.
For self-employed buyers using bank statement loans, the CPA can help structure income presentation. Manny Patino at Patino Real Estate routes self-employed buyers to CPAs who work with bank statement underwriting. Phone: (575) 520-7604.
For investors holding Las Cruces real estate in LLCs, Manny Patino at Patino Real Estate routes to CPAs who handle pass-through taxation, K-1 prep, and multi-state filings. Call (575) 520-7604.