Tax preparation and consulting for business owners, trusts, and estates.
Karmann Singh runs a Riverside practice with particular strength where real estate and tax meet. We recommend meeting in person for a first consultation, or by video if that is not practical.
You sold a rental and want to defer the gain.
A 1031 exchange gives you 45 days to identify a replacement property and 180 days to close. Neither deadline moves.
You inherited a house and plan to rent it out.
The low property tax base carries over only when an heir lives in the home. Rent it instead and it is reassessed at market value.
You want rental losses to offset your other income.
Real estate professional status requires more than 750 hours in real property trades, and more than half of all your working time.
You bought a warehouse and want the deductions sooner.
A cost segregation study separates the shorter-lived components from the 39-year shell, so they are recovered on their own schedules.
Your property sits inside an S corporation.
Taking it back out is generally treated as a sale at fair market value, so gain can be triggered without anything being sold.
Your exchange moved money out of California.
California expects Form 3840 every year the gain stays deferred, for as long as it stays deferred.
Four things, done properly
Real estate and tax
Cost segregation, 1031 exchanges, real estate professional status, and the depreciation questions that decide what a property actually costs you.
Trusts and estates
Returns for trusts holding property, step-up in basis, and the reassessment rules that reach California families when property changes hands.
Business and entity
Entity structure for owners who hold real property, and the planning that happens before the year closes rather than after.
Preparation and planning
Individual and business returns for people whose finances have more than one moving part.
Request a consultation
Tell us what you are working with and we will tell you whether it is something we handle. We recommend meeting in person for a first consultation at the Riverside office. If that is not practical, we can meet by video on Zoom, Teams, or Google Meet.
3651 3rd St, Riverside, CA 92501
(760) 677-8315
Serving Riverside, Fontana, Corona, San Bernardino, and the surrounding Inland Empire.
Most advisors know one side of a property transaction
Karmann Singh works on both. He prepares taxes and he holds a California real estate broker license, which means the questions that usually get split between two professionals stay in one conversation.
We recommend meeting in person for a first consultation, at the office in Riverside. Complicated returns are easier to talk through across a desk than over email. If that is not practical, we can meet by video on Zoom, Teams, or Google Meet.