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Real Estate Tax Services

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

No commitment Encrypted portal 24hr response
5.0 · 13 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.

This service covers maximizing legitimate deductions, properly tracking depreciation, and planning around key tax events like property sales and exchanges for NJ landlords and real estate investors.

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

Federal and NJ returns prepared 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 - planning and coordination are essential 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.
"Monaco CPA is excellent to work with! Greg is detail-oriented, knowledgeable, and prompt. He's been instrumental in helping me get my business off the ground with a strong financial foundation that includes bookkeeping, tax planning, and consulting services. His knowledge of tax code, finance, and crypto tax law is impressive. Most importantly, he's smart, personable, and communicative. He is extremely responsive, and his rates are very reasonable for the service he delivers. I look forward to working with him for years to come."

Dex P.

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.

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Ready to Get Started?

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

No commitment Encrypted portal 24hr response

Use of this website does not create a CPA-client relationship.

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any U.S. federal tax advice contained herein is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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What Clients Say About Gregory Monaco, CPA LLC

"Greg was very easy to work with. I had a complicated scenario that he was able to manage, with complete confidence. I would highly recommend using him."

- Justin K. · 5 stars

"I've had a great experience working with Greg Monaco. He is incredibly detail-oriented and thorough, making sure everything is handled correctly and fully compliant. What really stood out to me is how proactive and dedicated he is."

- Laura M. · 5 stars

"Monaco CPA is excellent to work with! Greg is detail-oriented, knowledgeable, and prompt. He's been instrumental in helping me get my business off the ground with a strong financial foundation."

- Dex P. · 5 stars

"If you need a CPA or accountant in Livingston or Essex County, I highly recommend Greg at Monaco CPA. My wife and I switched because my old accountant often didn't return my calls. Greg is different."

- Tom M. · 5 stars

"I've been working with Greg Monaco, CPA for a few years now, and he's honestly saved me real money with both personal tax help and crypto tax stuff."

- Dylan P. · 5 stars

"I've been working with Gregory Monaco CPA LLC for my taxes, and I couldn't be happier with the experience. Extremely professional, thorough, and organized from start to finish."