Frequently asked questions
Answers about property fit, documentation, pricing, review and the handoff to your tax professional.
Product and pricing
PDP is a guided property-documentation, classification and depreciation workflow. It organizes property facts, rooms, furnishings, improvements and available supporting records into a package prepared for CPA or tax-preparer review.
$395 per qualifying property, with no subscription. Review checkout for separately selected services or applicable authorized discounts.
The standard package includes a Property Documentation Report, room-by-room inventory, an itemized classification schedule, spreadsheet export, depreciation preparation materials and a supporting-record index. The purchased workspace provides project-sharing and factual-update controls.
No. The standard package does not include an engineering-based study. Complex property facts or allocations may require a separate specialist engagement.
No. Your CPA or tax preparer determines final tax treatment and handles return preparation and filing under your separate engagement.
Property fit
The standard workflow is designed around residential rentals with up to four units, including single-family homes, townhomes and condominiums. Property fit also depends on acquisition facts, available records and complexity.
Yes. Rental use shapes the documentation needed. Furnished rentals typically require more item-level inventory; unfurnished properties may focus on appliances, fixtures and improvements.
Start by identifying the original service dates, prior depreciation records and later purchases or improvements. Older-property facts may need additional professional review. Starting a record does not confirm that a particular lookback or correction procedure is appropriate.
Mixed use, unusual construction or allocations, complex acquisitions and unresolved prior depreciation facts can exceed the standard package’s scope. Discuss those facts with your tax professional and determine whether a specialist is needed.
The application includes a not-purchased-yet use option. Keep planning assumptions separate from completed acquisition facts and confirm the appropriate workflow before buying a report.
Inputs and documentation
No. Begin with the facts and records you have. Identify missing support and keep temporary estimates visible. Your professional determines whether the records are sufficient to support the amounts used.
Photographs are optional. They can document an item’s presence and condition, but they do not by themselves establish acquisition cost, tax basis or filing treatment.
No. Suggested ranges help identify entries needing attention. Actual cost, tax basis, estimated current value and replacement cost can serve different purposes.
Review and correct it using your records. Prefill reduces typing; it does not verify every property, ownership or tax fact.
Use your saved property workspace to continue as you gather information. Review completion status and open questions before proceeding.
Review and delivery
Automated checks identify missing or unusual information. Flagged reports receive human review; unflagged reports can proceed through automated approval. Your own CPA’s evaluation remains a separate step.
Review the relevant fact, amount or supporting record. Correct factual errors or provide support. A flag identifies a review point; it does not determine tax treatment.
The purchased workspace supports factual updates. Use the project’s correction controls, review any resulting changes and preserve the version already shared with your CPA.
The service provides seven-year record retention. Download your package and keep your own copies of important source records.
Yes. The package is prepared for your CPA or tax preparer’s review. Use project-specific sharing controls; portfolio teammate access is a separate permission.
The sample is a CSV asset schedule. Direct import compatibility should not be assumed. Your preparer should check the requirements of their software.
No. Your professional evaluates taxpayer-specific facts, limitations, elections and final treatment. PDP does not guarantee tax savings, income offsets or audit outcomes.