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cost segregation
To succeed as a real estate investor, it is vital to develop relationships with other professionals you can work with in mutually beneficial ways. Once you have identified industry professionals you trust and enjoy working with, you will have a solid real estate investment team. One crucial member of that team is a general contractor....
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Whether you are investing in residential, commercial, or industrial property, you want to know precisely what you’re getting into before you sign the purchase agreement. Some need more work than others. You will feel more secure when buying your investment property with a property inspector you trust. Choosing the Right Property Inspector Some of the...
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Have a Smooth Transaction As a real estate investor, you don’t have to do it alone–it is wise not to. Instead, you should surround yourself with a team of experienced professionals who can help maximize the profitability of your business. So who do you need on your real estate investment team? That’s what we are...
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As a real estate investor, you aren’t a lone wolf. Surrounding yourself with a team of professionals who can help maximize the profitability of your business is essential. So do you need your real estate investment team? We will look at them in our blog series, “Your Real Estate Investment Team.” Today we are looking...
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There are many reasons that investors are putting their money into rental property. From ongoing income to tax benefits, we will look at them all, as well as one of the best ways your rental property can deduct your tax burden by getting a tax segregation study done on your rental property. Ongoing Income From...
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100% Bonus Depreciation is changing after the 2022 tax year. It will be reduced in  2023 to 80%2024 to 60% 2025 to 40%2026 to 20% 0% bonus depreciation in 2027 That is if nothing is changed in the coming years.   Cost Segregation Studies are Still Beneficial Although bonus depreciation is being reduced, it does not reduce the...
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On June 1st, 2022, the IRS published the latest edition of the Cost Segregation Audit Technique Guide (ATG). The Cost Segregation Audit Technique Guide (ATG) aids IRS examiners during audits by providing: ·       Technical Information ·       Examination Techniques ·       What to look for when reviewing cost...
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Cost Savings For Cost Segregation Study in 2022
Don’t Miss Out On A Cost Segregation Study This Year! 2022 is the Final Year to Get 100% Bonus Depreciation. On January 1, 2023, the bonus depreciation rate will be changed to 80%, after that it will be phased out by 20% each year. The Tax Cuts & Jobs Act of 2017 (TCJA) was the...
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If you aren’t using Cost Segregation, not only are you leaving a lot of money on the table every tax season, but you are doing your taxes wrong. Find out why! Are you a residential real estate investor? You’ve probably heard that a Cost Segregation Study can dramatically lower your tax obligation. But maybe you...
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Should I worry if I am audited? Like other tax records, cost segregation studies are subject to IRS audits.  Therefore, it is essential to start with an engineered cost segregation study. Some people worry that having a cost segregation study will trigger an audit, but that isn’t the case. And often, your cost segregation study...
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