Depreciation and Fixed Asset Review for Rental Properties
Who This Is For
Depreciation is one of the biggest drivers of real estate tax outcomes, and it is also one of the most common areas where returns drift over time. Schedules get built incorrectly, improvements are not tracked, and disposals are mishandled. Then you find out years later when you sell or refinance.
AE Tax Advisors helps you review and correct depreciation schedules, establish a repeatable fixed asset framework, and keep your reporting consistent across properties and entities.
Owners without depreciation schedules
You bought a property and never got a clean schedule, or the schedule is incomplete.
Owners with incorrect or outdated schedules
The schedule exists, but it does not match reality, or it does not reflect improvements.
Investors who renovate or add improvements regularly
You need a system that captures capital work cleanly, not a year-end guessing game.
Owners preparing for a sale, refinance, or portfolio review
You want a clean foundation before a major transaction creates surprises.
Common depreciation problems we fix
Incorrect placed-in-service dates
If placed-in-service timing is wrong, depreciation is wrong, and it can affect multiple years.
Missing improvements and renovations
Major work is often not capitalized correctly because there is no tracking system.
Repairs versus improvements confusion
Poor categorization makes both current-year reporting and long-term schedules messy.
What we do
Depreciation schedule review
We review existing schedules, compare them to acquisition and improvement history, and identify issues.
Fixed asset framework setup
We establish a structure for property-level asset categories so future additions are tracked consistently.
Improvement tracking workflow
We help you set up a practical process to capture renovations and capital work with supporting documents.
Cleanup plan and coordination
If corrections are needed, we outline the path and coordinate the implementation so it stays consistent.
How our process works
Step 1: Document intake
We collect closing statements, prior schedules, improvement summaries, and bookkeeping exports.
Step 2: Diagnostic review
We identify schedule issues, missing basis items, and improvement tracking gaps.
Step 3: Correction plan
You receive a clear plan, including what will be updated, what records are needed, and what changes going forward.
Step 4: Implementation and alignment
We coordinate implementation so schedules and reporting remain consistent in preparation and filing.
Ready to Optimize Your Tax Strategy?
Discover how advanced tax planning can transform your financial picture. Schedule a confidential consultation with our team.