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re: Anyone ever do cost segregation for their rentals?
Posted on 9/28/23 at 3:35 pm to Billy Blanks
Posted on 9/28/23 at 3:35 pm to Billy Blanks
But you'd be getting those write offs anyway albeit over an extended period of time with no study and -0- cost. I'd also want to do it when tax rates are higher to make it worthwhile and would never do it on properties under 3-4 million. I think they have their place in the perfect situation but I see it more of a sales push from these companies that do the studies and drum up these fees... JMO
2
Posted on 9/28/23 at 7:43 pm to tigerbeancounter
quote:
But you'd be getting those write offs anyway albeit over an extended period of time with no study and -0- cost. I'd also want to do it when tax rates are higher to make it worthwhile and would never do it on properties under 3-4 million. I think they have their place in the perfect situation but I see it more of a sales push from these companies that do the studies and drum up these fees... JMO
Good point. I think I'll pass
Posted on 10/4/23 at 6:26 am to tigerbeancounter
quote:
But you'd be getting those write offs anyway albeit over an extended period of time with no study and -0- cost
Depending on what’s capitalized, much better to get those deductions now or within 5 years vs 27.5 or 39.
OP, talk to your CPA. Yes you would get the deductions for your book financials, but you may be limited as to what you can actually deduct on your tax return due to rental loss limitations or passive activity loss limitations.
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