How it works
Document the rental. Review the facts. Prepare the CPA handoff.
Follow a guided workflow for property facts, basis, rooms, furnishings, values and review. Save your progress as you gather information.
$395 per qualifying property. No subscription.
The guided intake
Six sections keep the work organized.
Property record
Enter and verify the address. Confirm rental use and review available property-data prefill. Correct information that does not match your records.
Basis & tax facts
Record purchase facts, land allocation, ownership and service dates. Identify estimates and special circumstances that need professional attention.
Rooms
Build the property’s room list. Name bedrooms and other spaces so inventory follows the actual layout.
Furnishings
Select items actually present, adjust quantities and record appliances and improvements. Keep later purchases distinct from the original property setup.
Values
Review entered amounts and available records. Suggested ranges help identify entries needing attention; they do not establish tax basis.
Review
Check section status, missing information and flagged entries. Return to the relevant facts before completing the property.
Explore the actual workflow
Follow the facts into the report.
Explore the basis panel of a furnished mid-term rental. You supply purchase records, land support and service dates. PDP organizes the inputs and review points; your CPA determines supported basis and final tax treatment.
This fictional example is separate from your customer account. Start a real property through the free property check when you are ready.
Check My Property — Free
Explore synthetic property information using the app’s native tabs. You provide facts and supporting records; PDP organizes them for professional review.
This sample is not your saved customer property or a filing recommendation. Your tax professional determines final treatment.
What to gather
Start with the records you already have.
- Property address, rental use and ownership information.
- Closing statement and purchase-cost records.
- Support for land and building allocation.
- Acquisition and placed-in-service facts.
- Furnishing, appliance and improvement records.
- Prior depreciation records when relevant.
Photographs are optional. Identify missing documents instead of treating an estimate as a verified amount.
Keep three amounts separate
Actual cost: What your records show was paid.
Tax basis: The amount your professional determines is appropriate for tax treatment.
Replacement or estimated value: A planning or documentation amount that may serve a different purpose.
Find help with property inputs →What happens after purchase?
Finish the property record
Complete remaining documentation and review requirements in the purchased workspace.
Resolve review points
Flagged reports receive human review. Unflagged reports can proceed through automated approval.
Prepare the handoff
Access available report files and share the purchased project with your CPA or tax preparer.
Questions about the process.
Can I stop and return later?
Use your saved property workspace to continue as you gather facts and records. Review section status before moving forward.
What if property-data prefill is wrong?
Review and correct the record using your own documents. Prefill reduces typing; it does not verify every tax or ownership fact.
What if I do not know a value?
Identify the missing fact and gather support. If you use a temporary estimate, keep it clearly identified for professional review.
How long does completion take?
It depends on the property, item count and available records. Use the application’s progress indicators and time estimate to plan the remaining work.
Can PDP handle every rental property?
No. Complex facts or allocations may require a specialist engagement beyond the standard guided package.
Begin with the property facts.
Check fit for free. Build the record. Review the package before paying.
