This past month we completed a portfolio of seven office warehouse Cost Segregations for a client in the southeast. Three of these properties will also qualify for the 179D Epact tax deduction for their LED lighting upgrades as well. The 179D .60 cents per square foot will further their available tax deductions. For the Cost [...]
For a restaurant Cost Segregation that was an acquisition in 2018 we reclassified 38% of property’s depreciable cost basis for accelerated depreciation. This property has large exterior entertainment areas. This property also has these qualifying elements: lighting, canopies, decorative metal, refrigeration equipment, kitchen sinks/ prep areas, decorative wall paneling, lighting, cabinetry, FRP, boundary walls, concrete [...]
Vacation rental Cost Segregations work out very well for our clients. Last month we completed four of these vacation rentals and reclassified between 32-36% of the property’s depreciable basis for accelerated depreciation. Since all four of these properties were purchased after Sept. 2017 they all qualified for Cost Segregation 100% Bonus Deprecation as well. These [...]
We recently completed a Self Storage Cost Segregation study. We reclassified over 35% of the property’s cost basis for accelerated depreciation. These self storage properties have the following qualifying elements for accelerated depreciation: climate controlled ac systems, outlets, wall lighting, floor finishes, cabinetry, asphalt paving, fencing, site walls, sidewalks, drainage, signage, irrigation and landscaping. All [...]
Last week we completed an RV park Cost Segregation with expansive covered storage. We were able to reclassify over 79% of the project’s new construction costs for accelerated depreciation. RV and mobile home park cost segregations work out very well for our clients because of the way they are built. Most of the costs are [...]
This week we completed a RV park Cost Segregation in which we were able to carve out over 58% of the property’s depreciable basis for accelerated depreciation. RV and mobile home park cost segregations work out very well for clients because of the way they are built. Most of the costs are land based improvements [...]
For three Arizona Cost Segregations were able to carve out over 30%, 33% & 40% of the property’s basis for accelerated depreciation. One property was a mutli tenant with 2 buildings, another an office building and the other was a single tenant retail property cost segregation. These properties were acquisitions earlier this year and previous [...]
This week we carved out over 33% of accelerated depreciation for two office building Cost Segregations in Georgia. Both of these properties were acquisitions this year. These properties had qualifying interior cabinetry, soft flooring, decorative lighting, decorative wall paneling, breakroom sinks and electrical components. These properties also had qualifying exterior items such as masonry boundary [...]
We were able to carve out 38% of an office building’s depreciable basis for Cost Segregation in Sarasota that was a recent acquisition. We were able to reclassify this basis for accelerated depreciation. This property had qualifying interior cabinetry, raised computer room flooring, decorative lighting, floor finishes, breakroom sinks and electrical components. This property also [...]
For a residential house Cost Segregation in Tampa that was a recent acquisition. We were able to reclassify over 41% of the property’s $1.72MM cost basis for accelerated depreciation. This property had interior qualifying high end cabinetry, a wine cellar, wood wall paneling, decorative lighting, floor finishes, appliances, and electrical systems. This property also had [...]
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