Rental property tax optimization in Utah

Stay Compliant and Profitable

Landlords from Logan to Ogden to Salt Lake City trust Gibbons & Associates to keep rentals profitable and compliant. We develop rental property tax strategies that capture deductions, set up depreciation correctly, and apply rules for both short-term and long-term rentals.

Getting Schedule E right

Accurate categorization matters. We separate repairs from improvements, track mileage, and document management fees, utilities, supplies, and travel for properties across Cache Valley and the Wasatch Front.

Depreciation Strategy

We set the correct life and convention, evaluate bonus or Section 179 when eligible, and explain how a refresh affects basis. For larger projects, we introduce cost segregation basics so you can decide if a study makes sense.

Passive Activity Rules

Passive loss limits can be tricky. We review participation, consider grouping elections, and determine whether you qualify for real estate professional status. We coordinate with tax planning strategies so losses and income work together.

Dispositions And Upgrades

When you sell, we plan for capital gains and depreciation recapture and evaluate 1031 exchanges when deferral is a fit.