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Rental Property Tax Return Preparation

By Jason Watson, CPA
Posted Monday, March 30, 2026

We get asked often, “What do you need to prepare my rental property tax returns?” Or, “what should I be recording or keeping track of throughout the year?” We created a template called the Simplified Rental Operations (SRO) Worksheet. While spreadsheets and templates are only meaningful to the spreadsheet designer, you might find value and some helpful hints.

Here is the link to our SRO-

wcginc.com/31

WCG Fee Structure

We pride ourselves on being transparent and having a simple fee structure. Most business services and tax returns will fit into the fees described below. Sure, there’s always the outlier or the unusual situation, but the following information gives you an idea of our philosophy. We only have time on this earth to sell, and we cannot inventory it. Our fees are an attempt to coincide with expected time spent and the value received.

As with anything in life, things change, so please refer to our most recent fees on our website-

wcginc.com/fee

And specifically our rental property tax return preparation page-

wcginc.com/rental

Jason Watson, CPA, is a partner and the CEO of WCG CPAs & Advisors, a boutique yet progressive tax, accounting and rental property consultation and real estate CPA firm with over 100 team members and 7 partners headquartered in Colorado serving real estate investors worldwide.

Jason Watson CPA LinkedIn     Jason Watson CPA Email

I Just Got A Rental, What Do I Do? 2026 Edition

This KB article is an excerpt from our 530+ page book (yeah, thick, there are some picture pages, but no scratch and sniff) which was updated August 5, 2026, and is available in paperback from Amazon, as an eBook for Kindle and as a PDF from ClickBank. We used to publish with iTunes and Nook, but keeping up with two different formats was brutal. You can cruise through these KB articles online, click on the fancy buttons below or visit our webpage which provides more information.

I Just Got A Rental, What Do I Do? 2025 Edition | Amazon version I Just Got A Rental, What Do I Do? 2025 Edition | Kindle Version I Just Got A Rental, What Do I Do? 2025 Edition | PDF version
$32.95 $21.95 $18.95

Rental Expert & Tax Strategist Pod

Meet the tax strategists and rental property experts behind WCG's most advanced tax planning work.

Tax Strategy Resource Center

Comprehensive, structured tax strategy sessions for business owners, high W-2 earners and real estate investors.

Advanced Tax Strategies

Impactful tax strategies take three things- money you can part with, effort (participation) and risk (financial and audit).

Talk to a Real Estate CPA About Your Rental Property

Please use the form below to tell us a little about yourself, and what you have going on with your investments and wealth-building objectives. WCG CPAs & Advisors are real estate CPAs, tax strategists and rental property consultants, and we look forward to talking to you!

The tax advisors, business consultants and rental property experts at WCG CPAs & Advisors are not salespeople; we are not putting lipstick on a pig expecting you to love it. Our job remains being professionally detached, giving you information and letting you decide within our ethical guidelines and your risk profiles.

We see far too many crazy schemes and half-baked ideas from attorneys and wealth managers. In some cases, they are good ideas. In most cases, all the entities, layering and mixed ownership is only the illusion of precision. As Chris Rock says, just because you can drive your car with your feet doesn’t make it a good idea. In other words, let’s not automatically convert “you can” into “you must.”

Let’s chat so you can be smart about it.

We typically schedule a 20-minute complimentary quick chat with one of our Partners or our amazing Senior Tax Professionals to determine if we are a good fit for each other, and how an engagement with our team looks. Tax returns only? Business advisory? Tax strategy and planning? Rental property support?

Text WCG Offices

Text WCG Offices

Need to get in touch through a quick text?  We’ll respond back within a day and get going!

Chat our amazing team

Call Our Amazing Team

If you need to speak to a tax professional now, give us a call and we'll get you connected.

Schedule Discovery Meeting Now

Request a Meeting with WCG Inc

Ready to schedule now and talk all things rentals? Let's do it! Here is a link to a Discovery Meeting with one of our Partners or Senior Tax Professionals to understand your tax footprint and objectives, and how WCG CPAs & Advisors might help.

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