Fujikawa & Associates

Fujikawa & Associates We are a family run accounting firm that specializes in individual and small business income tax and

California doesn’t play by federal IRS rules.Bonus depreciation, commonly used federally, doesn’t exist in CA. Even long...
05/11/2026

California doesn’t play by federal IRS rules.

Bonus depreciation, commonly used federally, doesn’t exist in CA. Even long-term assets must follow state depreciation schedules.

This can lead to overestimated deductions if you don’t adjust for state rules.

Pro tip: Always check which deductions are federal-only before filing state returns. Some credits may appear later, but for now, plan around **CA-compliant depreciation**.

Follow for more tactical strategies to save on real estate & business taxes in California.

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04/29/2026

The old $10K tax cap changed how homeowners saved money—and not in a good way.

If you were paying $20K–$40K in property taxes, most of it wasn’t even deductible.

Now with a higher SALT cap, combining property taxes, state taxes, and even small deductions like donations could help you itemize and save more.

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04/27/2026

Short-term rentals aren’t as passive as people think.

Most bookings happen during weekends and holidays, which means that’s when problems show up too.

From plumbing issues to guest concerns, you’re often working during your personal time.

This is the hidden trade-off many people don’t talk about.

Unlike long-term rentals, short-term setups demand constant attention and quick responses.

If you want more freedom, you’ll need systems, automation, or even a property manager.
Otherwise, your “side income” can slowly turn into a full-time responsibility.

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04/22/2026

This tax move can offset your W2 income and change how you think about investing.

When your rental property shows a loss—especially through bonus depreciation—that loss can offset other income like your salary or business profits.

For example, if you generate a $100K paper loss and only make $50K from the property, the remaining $50K can reduce your W2 income.

This is why many investors focus on “paper losses” vs actual cash flow early on.

It’s not just about making money—it’s about keeping more of what you earn through smart tax strategy.

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Most people think short-term rentals = freedom.Reality: your most valuable time — weekends, holidays, evenings — often g...
04/15/2026

Most people think short-term rentals = freedom.

Reality: your most valuable time — weekends, holidays, evenings — often gets eaten up by guest emergencies, maintenance, and last-minute fixes.

Plan wisely. Know the time cost before diving in.

💡 Follow for real estate + tax strategy tips that save money and sanity.

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04/13/2026

Bonus depreciation can save you big on taxes—but it’s not automatic.

You can’t just hire a property manager and walk away; the IRS expects you to do the majority of the work yourself.

Keep detailed records of your hours, because large refunds may draw extra scrutiny. For example, if you claim 500+ hours without proper documentation, it could trigger a deeper look by the IRS—even if it’s not a full audit.

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Bay Area homeowners: the $10K SALT cap is no longer the limit — now it’s $40K. That means many of you who were taking th...
04/10/2026

Bay Area homeowners: the $10K SALT cap is no longer the limit — now it’s $40K.

That means many of you who were taking the standard deduction before could **start itemizing again**. Even small deductions like donations now count.

Check your property taxes + other deductions — you could be saving thousands.

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04/08/2026

Starting a business “by the seat of your pants” sounds exciting—but it can backfire fast.

Choosing the right entity (like an LLC or corporation) affects your taxes, liability, and how you run your business long-term.

If you have partners, clear agreements and proper setup protect everyone, avoid conflicts, and keep things running smoothly.

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2026 is stacked with tax opportunities for investors:- 100% bonus depreciation (permanent)- SALT deduction jumps to $40k...
04/07/2026

2026 is stacked with tax opportunities for investors:

- 100% bonus depreciation (permanent)
- SALT deduction jumps to $40k
- Short-term rental deductions can offset W2 & other income

⚠️ Requirements: hands-on participation, proper documentation, and long-term investment strategy.

💬 Thinking of leveraging this? Ask a CPA (like my team) and plan early — the opportunity is real, but you need the time and strategy to execute it correctly.

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03/31/2026

2026 tax changes are here… and most people are either missing them or getting them completely wrong 👀

In this episode of Office Hours, sat down with to break down what actually matters for real estate investors, business owners, and high-income earners.

We’re talking:
– 100% bonus depreciation (yes, it’s back… but there’s nuance)

– SALT cap jumping from $10K → $40K (with income phaseouts)

– How STRs + cost seg can unlock ~15–20% upfront deductions

– When you can ACTUALLY offset W-2 income

– The real rules behind material participation (and what triggers IRS scrutiny)

– Why California plays by a completely different rulebook

– LLC vs S-Corp… and when it actually matters

This isn’t theory — this is how we’re thinking about taxes as investors and operators right now.

If you’re building, investing, or scaling… this is one you don’t want to skip.

👇 Watch the full breakdown on YouTube (link in bio)

09/03/2025

Everything Real Estate Investors Need to Know About Taxes (In Under 15 Minutes)

If you don't have time to watch it now, comment "Real Estate Taxes" and I'll DM you the video and mh entire library of real estate tax content to watch later.

In this episode, real estate investor teams up with managing partner of Fujikawa & Associates, to answer common tax questions related to real estate investing.

They delve into why the tax code is favorable towards real estate, the benefits of depreciation and cost segregation, and common pitfalls for investors with W2 income.

They also discuss the nuances of tax implications for property flips, agent commissions, and the strategic use of LLCs and trusts.

Whether you're a seasoned investor or just starting, this video provides everything you need to know to better understand how investing in real estate will impact your taxes.

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San Jose, CA
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