Hand your CPA an organized year.
Cost basis, depreciation estimate and every categorized transaction stay against the property all year, so year end is an export, not a project.
- residential recovery period
- 27.5 yrs
- transient short-term rental
- 39 yrs
- depreciation on Schedule E
- Line 18
- Schedule E, C or Form 8825
- 3 forms
The basis is a property detail
Enter the purchase price, the closing costs and the land split once, and the yearly schedule follows from there.
- Purchase price, closing costs and land split live on the property
- Straight-line estimate over 27.5 years, or 39 for a transient rental
- Each capital improvement gets its own schedule
- Keystone IQ never depreciates the land portion
See where every figure lands
Each property gets an on-screen preview, grouped the way the form groups it, with every row tagged with the line it maps to.
- Every income and expense row carries its IRS line number
- Debt service held apart, so the operating picture stays honest
- Short-term categories (linens, amenities, channel manager) carried through
- Included on Starter, per property
One package per property, per year
The CPA package is generated on demand: a PDF laid out by form section, and an Excel workbook beside it.
- PDF laid out by form section, one per property and year
- Excel workbook: summary, full transaction detail, audit trail
- Generated from live data, nothing to reconcile first
- A Pro feature
Every number traces back
The workbook's third sheet is a read-only snapshot of what was written or changed, when, and where it arrived from.
- Timestamp, action, property, vendor and amount, row by row
- Bank feed, a document the AI read, or someone typing
- Read-only: a record, not another thing to maintain
What you get
Depreciation & cost-basis estimates
per property, updated each year
Capital improvements depreciated
each on its own schedule
Tax-form preview per property
every row tagged with its line
Short-term expense categories
linens, amenities, channel mgr
Debt service held separate
operating picture stays honest
CPA package exportPro
PDF and Excel, per property and year
Full transaction detailPro
every row behind every total
Audit trail sheetPro
what changed, when, from where
Year-end narrativePro
a written read on your year
AI scans closing statementsPro
purchase details, ready to confirm
Frequently asked questions
Does Keystone IQ file my taxes?
No. It assembles and shows your numbers, and hands them over in a form your accountant can work from. Filing, and every judgement call that goes into it, stays with you and your tax advisor.
Is the depreciation figure something I can rely on?
Treat it as an estimate to discuss, not a filing figure. It is a straight-line calculation from the purchase details you entered, and it is labelled as an estimate everywhere it appears: on screen and in the exported package. Your tax advisor should confirm the basis, the land split and the recovery period for your situation.
Which tax form does it use?
That follows the property. A property you set to Form 8825 previews against it; a short-stay rental with substantial services previews against Schedule C; everything else previews against Schedule E. You can see which one a property is using on its preview.
Where does the depreciation estimate land on each form?
On Schedule E it lands on line 18, on Form 8825 on line 14, and on Schedule C on line 13, each labelled as an estimate on the line itself, so nobody reading the package mistakes it for a filed figure. The estimate is computed per property from your purchase details rather than being a ledger category you have to remember to enter.
What is actually in the export?
A PDF laid out by form section, and an Excel workbook with three sheets: a summary, every underlying transaction, and a read-only audit trail. It is the same set of numbers your dashboard has shown all year, arranged for someone who has never seen your portfolio. That's the difference between sending your accountant a year of work and sending them a year of questions. The audit-trail sheet exists for the question that always comes back in March: where did this number come from.
What is included on Starter, and what needs Pro?
The depreciation and cost-basis estimates and the on-screen tax-form preview are included on Starter, per property. The CPA package export (the PDF, the Excel workbook and its audit-trail sheet), the year-end narrative, and the closing-statement scan are Pro features.
How far back can I export?
Any year you have data for. The package is generated on demand from your live ledger rather than stored, so a year you correct in March exports with the correction in it.
Stop rebuilding the year every March.
Keep the basis, the depreciation estimate and every categorized transaction against the property all year, and export the whole thing when your accountant asks.
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