IRS Cost Segregation Audit Techniques Simplified
In traditional depreciation, you allocate your property’s entire cost basis linearly over 27.5 years (residential) or 39 years (commercial). The approach can be pretty inefficient,
In traditional depreciation, you allocate your property’s entire cost basis linearly over 27.5 years (residential) or 39 years (commercial). The approach can be pretty inefficient,
Many tenants, especially in commercial buildings, want custom buildouts and structural modifications to make leasehold spaces suitable for their specific business needs. To attract such
The goal of cost segregation is to reclassify a property’s components to accelerate depreciation of its shorter-lived assets. Because a significant portion of your property’s
Cost segregation helps you frontload depreciation on your residential or commercial properties. It is a time-value-of-money play. Therefore, when does cost segregation make sense for
The Tax Cuts and Jobs Act (TCJA) of 2017 gave real estate investors powerful tax incentives, including bonus depreciation. Subsequent legislation made adjustments to the
Traditional depreciation spreads your short-term rental’s entire cost basis over 39 years, giving you a small tax deduction each year. What if you could deduct
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“The tax savings achieved with Seneca Cost Segregation made a major impact on my bottom line. I wasn’t aware it was a possibility until they brought the opportunity to me. Their insight and expertise are invaluable.”
– Robert Riskin, Partner (Riskin Partners Estate Group)