Cost Segregation
For owners of real estate, cost segregation can be a home run tax strategy. Cost segregation is a method of accelerating the depreciation on your real estate that will save you tax today instead of waiting for 39 years. We have partnered with Winchester Bay, a team of local qualified engineering professionals, to assist in the proper segregation of costs as required by the IRS. If you are an owner of commercial or rental real estate with a cost of more than $250k in the last 10 years, you may benefit from cost segregation. The savings are so significant that we have provided a calculator for you see the potential savings for yourself. Here are some of the types of properties that qualify:
- Office Buildings
- Manufacturing Facilities
- Hotels/Motels
- Dental Offices
- Medical Offices/Hospitals
- Industrial Buildings
- Restaurants
- Multi-Family Properties/Residential Rentals
- Agricultural Structures
- Grocery Stores
- Retail Buildings
Cook Martin Poulson amended my taxes and got me several thousand dollars in a refund.
