Jeff DeGree, CPA

Direct: 651.798.0720
Email: jdegree@mahoneycpa.com

Jeff is a Director at Mahoney. His focus is on providing audit and accounting services to clients in the areas of real estate development, investment, and property management. He has been employed in public accounting for 10 years, all with Mahoney.

Jeff graduated from the University of Minnesota, Carlson School of Management with a Master of Accountancy degree, and is also a Housing Credit Certified Professional. He annually attends a minimum of 40 hours of continuing education on audit and accounting standards, HUD, partnership tax, and housing tax credit issues.

Practice Areas

• Real estate audits/attestation
  • Low-Income Housing Tax Credit cost certifications
  • HUD cost certifications
  • Annual HUD/MHFA/LIHTC audits
  • 10% Carryover Allocation Certifications
  • Debt Service Coverage Ratio Analysis
  • Forecasts and Projections

• Tax
  • Low-Income Housing Tax Credits
  • Historic Rehabilitation Tax Credits
  • Section 704(b) Capital Account Analysis
  • Debt forgiveness and OID Calculations
  • Tax Advice letters
  • LIHTC 25% Test (formerly 50% Test)

Professional Activities and Memberships

• American Institute of Certified Public Accountants
• Minnesota Society of Certified Public Accountants
• Leadership Twin Cities 2025-2026
• Urban Land Institute