This Tax Strategy gave my client almost $53,000 in Tax Deductions!
If you are a Real Estate Investor, Cost Segregation can be a great strategy for reducing taxes. In this case, almost $53000 in Tax Deductions!
Cost Segregation accelerates the depreciation of certain components of the property. Things like appliances or HVAC that need to be replaced sooner than standard depreciation, which is 27 years for residential and 30 years for commercial. This amounts to a reduction in your current tax liability, resulting in upfront cash flow.