Author Archives for jamess@rjccostseg.com
August 10, 2021 1:52 pm Published by jamess@rjccostseg.com We recently completed a Class A office building Cost Segregation in Clearwater, Florida that was for a new construction project. We were able to reclassify over 29% of the project’s $6.5MM costs for accelerated depreciation. This property had interior qualifying fountain systems, wall paneling, decorative lighting, floor finishes, glass panels, decorative cabinetry, PTAC ac units [...]
July 30, 2021 7:04 pm Published by jamess@rjccostseg.com We completed a drug store Cost Segregation study and were able to reclassify 34% of the property’s $5.6 MM depreciable basis for accelerated depreciation. This cost segregation had these qualifying elements: flooring, lighting, outlets, checkout counters, conveyor system, fencing, concrete flatwork, landscaping, irrigation etc. This acquisition also qualified for the 100% Bonus Depreciation incentive as [...]
July 23, 2021 7:03 pm Published by jamess@rjccostseg.com We completed 2 Tampa Office Building Cost Segregations last week. These properties had qualifying interior computer room raised floors, decorative lighting, floor finishes, decorative case work, PTAC ac units and electrical systems. These items all qualified for Cost Segregation accelerated depreciation. We reclassified 33 and 35% of these property’s cost basis for accelerated depreciation. These [...]
July 16, 2021 6:22 pm Published by jamess@rjccostseg.com For a mixed-use office retail Cost Segregation study we were able to reclassify $569,657 or 31% of the project’s depreciable basis into shorter depreciation class lives with our Cost Segregation services. This property is 3 stories in height with retail on the first floor and offices on the upper floors. Mixed-use office retail Cost Segregation [...]
July 9, 2021 8:24 pm Published by jamess@rjccostseg.com This week we had a client that built four gym facilities that were tenant improvement Cost Segregations. These Qualified Improvement Property (QIP) cost segregations worked out very well as we were able to reclassify between 82- 92% of the tenant improvement costs for accelerated depreciation. The client was also able to take advantage of 100% [...]
July 2, 2021 7:53 pm Published by jamess@rjccostseg.com Combining 1031 Exchanges and Cost Segregation works out very well for our clients. A cost segregation study can be performed on the new property acquisition to provide additional cash flow to the owner through accelerated depreciation and identify like-kind assets so all taxes on capital gains in the sale are deferred. An advantageous tax strategy [...]
June 25, 2021 7:45 pm Published by jamess@rjccostseg.com We completed 2 Office Building Cost Segregation studies for a repeat client this week. We were able to reclassify 32 and 29% of the property’s cost basis into shorter depreciation class lives with our Cost Segregation Services. These office buildings had these qualifying elements: raised computer room floors, PTAC units, decorative trim, lighting, cabinetry, sinks, [...]
June 18, 2021 7:36 pm Published by jamess@rjccostseg.com For a new construction Miami Class A Office Building and Residential Cost Segregation study we completed recently. We were able to reclassify 28% of project’s $57 MM new construction costs for accelerated depreciation. This property also had a very large parking structure onsite. This property had these qualifying elements: pools, pavers, car lifts, parking guidance [...]
June 11, 2021 7:25 pm Published by jamess@rjccostseg.com We completed an Apartment Property Cost Segregation study recently where we were able to reclassify $3,680,754 or 31% of the property’s cost basis into shorter depreciation class lives with our Cost Segregation services. This Apartment Cost Segregation study has these items that we were able to reclassify: cabinetry, decorative trim, sinks, lighting, carpet, VCT flooring, [...]
June 7, 2021 8:23 pm Published by jamess@rjccostseg.com We recently completed cost segregations for a client that owns 5 residential rental properties in St Petersburg, Fl. We were able to reclassify between 29-32% of this group of property’s cost basis for accelerated depreciation. These rental properties had these qualifying elements: fencing, concrete flatwork, landscaping, irrigation, lighting, cabinetry, sinks, appliances, flooring etc. Residential rental [...]
