Yes, you will need to file a tax extension.
- For example, to generate accelerated depreciation losses, each property needs to do a very detailed cost segregation study that follows rigorous IRA standards. This alone adds months to the tax process in most cases.
- We focus on getting the best economic results for our investors, and unfortunately the extra attention to detail does take a little longer.
- Also, a typical NDF fund will have 8-12 investments. We can not prepare your K1 until we get EVERY K1 from each investment, since we consolidate them for you. This makes your tax prep bill quite a bit less expensive. Your CPA will appreciate that we do so much of their work for them!