Real estate decisions can carry significant tax implications. Luma provides tax compliance and strategic advisory for individuals navigating property acquisitions, sales, 1031 exchanges and other complex real estate matters.
A property transaction doesn’t exist in isolation.
Its tax impact may interact with income, investments, residency, business interests and other financial circumstances.
Luma’s individual tax compliance experience specifically includes real estate acquisitions, sales and 1031 exchanges.
Acquiring real estate can introduce new tax considerations that may affect future filings and planning.
Understanding the transaction within the client’s broader financial circumstances can help create a clearer tax picture.
Selling property can create tax consequences that should be considered as part of the transaction.
Rather than waiting until tax-return preparation to begin thinking about those consequences, strategic planning may allow them to be considered earlier.
Certain qualifying property transactions may involve consideration of a 1031 exchange.
Because these transactions can involve specific requirements and timing considerations, clients should obtain appropriate professional guidance for their particular situation. See 1031 Exchange Tax Services.
Real estate located in different states can create additional tax considerations.
Property transactions may intersect with:
Luma’s multi-state tax experience can be particularly useful where these areas overlap.
For clients with real estate investments and other passive income sources, property taxation may represent only one component of a larger investment tax picture. See Investment & Passive Income Tax Services.
Luma’s Strategic Tax Advisory services can help clients evaluate potential tax scenarios before important transactions occur.
This can be particularly valuable when the transaction is substantial or interacts with other complex tax issues.
Does Luma work with Real Estate Tax Planning matters?
Yes. Real estate acquisitions, sales and 1031 exchanges are specifically included in Luma’s individual tax services.
Can Luma help before I sell property?
Strategic Tax Advisory can help evaluate potential tax considerations before significant transactions.
Does Luma handle 1031 exchange tax matters?
Yes. 1031 exchanges are included within Luma’s stated areas of service.
What if I own property in multiple states?
Luma’s multi-state tax experience can help evaluate circumstances involving multiple jurisdictions.
Does Luma work with real estate investors?
Luma provides tax services involving investment portfolios, passive income and real estate transactions.
