Cost Segregation

The real estate market continues to grow, even with changes to tax incentives such as the reduction in bonus depreciation from 100% to 80% in 2023. But with cost segregation and other tax strategies, real estate investors and developers can still enjoy significant tax benefits. Cost segregation involves reclassifying assets within a property, such as electrical systems and plumbing, as personal property for faster depreciation. This...

As a business owner, you are always looking for ways to reduce your tax liability and maximize your tax savings. One way to do this is by using tax incentives such as bonus depreciation and cost segregation. What is Bonus Depreciation? Bonus depreciation is a tax incentive that allows businesses to write off a portion of the cost of new or used assets in the year they...

Cost segregation is a tax strategy used by real estate investors and developers to maximize their tax savings. The process involves reclassifying the components of a building as personal property instead of real property, allowing for quicker depreciation of these components. This results in significant tax benefits for the owner, as the components can be depreciated over a shorter period of time, typically five to...