Reclassifying Real Estate Assets for Accelerated Depreciation
Property owners can reduce their income tax liabilities by accelerating their property's depreciation deductions. With a cost segregation analysis, you could be able to write off up to 25-35% of your building’s original purchase price in the first year.
What is Cost Segregation?
Cost Segregation is a federal income tax planning tool available to building owners who purchase, construct, or renovate a commercial or residential rental property. Cost Segregation allows the building owner to re-classify the assets of the property, resulting in accelerated depreciation.
How are the Assets Segregated?
The land on which the building is located
The building itself
Improvements to the land
Personal property located inside the building
Is Your Property a Good Candidate?
Purchase Price: Is the purchase price of the building at least $500,000?
Renovated: Have you purchased, constructed or renovated any property in the last 5 years?
Real Estate Hold: Do you plan on keeping our property for the next few years?
Taxable Income: Do you have taxable income?
How Does it Work?
TaxTaker performs a detailed study to identify assets within a building to be reclassified into shorter depreciation periods. The components reclassified into 5-year, 7-year, and 15-year lifespans are also eligible for bonus depreciation, increasing the depreciation deduction larger in the year the study was completed
Why TaxTaker?
Expertise: Engineering expertise in house with millions saved in deductions.
End-to-End Support: From initial consultation to filing, we've got your back.
Trusted By: Building owners, designers, and CFOs across the country.
Ready to Go Green and Save Green?
If you’re curious to see if you’re eligible, our team is standing by!
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