Practical Tax & Accounting
Insights for Business Owners

If you’re considering selling a rental property, one of the most powerful tools in your tax strategy toolbox is the 1031 exchange. At Fortitude Tax & Accounting, we help landlords understand how to leverage this tool to keep more of their hard-earned gains working for them—not going to the IRS. Here’s what you need to…

Whether you’re looking to retire, rebalance your portfolio, or cash out on a property at peak value, selling a rental property requires more than a good market and a great listing agent—it requires smart tax planning. At Fortitude Tax & Accounting, we help landlords exit strategically, not emotionally, so they protect their gains and avoid…

Why OB3 Changes Your Tax Planning in 2025 and Beyond With the passage of the One Big Beautiful Bill Act (OB3), 100% bonus depreciation is back on the table for certain rental property components. This change keeps cost segregation highly relevant for landlords focused on maximizing deductions and long-term planning. At Fortitude Tax & Accounting,…

With the One Big Beautiful Bill Act (OB3) now signed into law, many landlords are asking: What does this change for my rentals, my tax deductions, and my depreciation strategy? The short answer: Some provisions have been extended, some clarified — and a lot of headlines floating around don’t apply to landlords the way you…

Whether you manage one rental property or a growing portfolio, year-end is the perfect time to get ahead of tax season—and stay in control of your business. At Fortitude Tax & Accounting, we help landlords simplify this process and avoid costly mistakes that come from waiting until the last minute. We’re going to assume you’ve…

Whether it’s with your spouse, sibling, friend, or another investor, co-owning rental property creates a partnership—even if you didn’t intend to form one. At Fortitude Tax & Accounting, we help landlords navigate the tax and legal details of shared ownership so you can protect your investment, your relationships, and your peace of mind. What Happens…

If you own rental property—even just one unit—you’ve probably wondered: Do I need an LLC? Is it worth the paperwork, cost, and hassle? Or can I just leave it under my personal name? At Fortitude Tax & Accounting, we answer this question all the time. Here’s what landlords really need to know—without the hype, but…

If you’ve spent money fixing up your rental property this year, you’re likely asking: Can I deduct repairs right now, or do I have to depreciate it over time? The answer depends on whether your expense is a repair or an improvement—as defined by IRS Publication 527—and getting this wrong can mean lost deductions, IRS…

Not every landlord needs to pursue Real Estate Professional (RE Pro) status to benefit from tax deductions on rental properties. In fact, if you own one or a few properties and are actively involved in managing them, you might already qualify to deduct your rental losses through the IRS’s material participation rules.  At Fortitude Tax…

If you’re serious about real estate investing—or if it’s already your full-time focus—there’s one IRS classification that can drastically change your tax picture: Real Estate Professional Status (RE Pro). This isn’t just industry jargon. It’s a tax strategy that allows certain investors to deduct rental losses against W-2 or business income—potentially saving thousands each year….