Receiving the report is not the finish line. It is the point where you and your CPA have organized support to evaluate. A Basis report is designed to make that review easier by showing the property facts collected during intake, the basis analyzed, the component-level allocations, depreciation schedules, methodology notes, and the review status behind the final package.
Start by reading the plain-English summary and confirming the property details match your records. Then send the full report package to your CPA before filing so they can evaluate how the depreciation schedules fit your return, elections, timing, and broader tax situation. Your CPA remains the person who decides how the report is used on the return.
Before that conversation, it helps to collect the purchase documents, closing statement, renovation records, and any notes that explain how the property is used. The cleaner the handoff, the easier it is for your CPA to compare the report against your books and ask focused follow-up questions.
The goal is simple: no mystery PDF, no unsupported AI summary, and no guessing about what changed. You should know what Basis prepared, what the report relied on, and what your CPA should review. If a question comes up, the report gives both you and your CPA a clearer place to start the conversation.
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