In The Accountant 2 movie, the best line is, "You don't have to amend your tax return for unclaimed depreciation." Ben Affleck did his homework for this role. You can tell he knows all about Cost Segregation.
@BrickByBrWealth Mine is helping real estate professionals like yourself minimize or eliminate tax liability. Happy to talk with you more about it, and send you information to go over with your accountant.
Just got the news that my tenant bailed on our contract at the last minute😩. But I'm trying to stay positive, because the weekend is almost here! 🙌 #LandlordLife#TGIAF
Cost segregation is like a treasure hunt for tax deductions 💰🔍 Who knew that behind every wall and under every floor lies a potential deduction waiting to be found? 🤔
Even a simple parking lot can benefit from cost segregation! 🅿️💰 By separating the cost of the parking lot's asphalt, curbs, sidewalks, and lighting, property owners can potentially increase their tax deductions and save money. 🚗#costsegregation
Just did a 1031 Exchange? Wondering if you can still do cost segregation? Yes, however the total depreciable amount needs to be updated. Talk to me, your cost segregation specialist, for the best way forward. #1031Exchange#Costsegregation#TaxTips
Don't be fooled by the term 'recapture tax'. It doesn't mean you pay back depreciation, it's just a tax on sale. Use excess carry-forward losses and depreciation from other properties to offset it. #CostSegregation
The question I receive most often is, doesn't my accountant already handle cost segregation on my property?
Cost segregation is an engineer-based study, and accountants will outsource the work to Madison Specs, a company with quality engineers they can trust. #Nationwide#CRE
My aha moment with Cost Segregation, was when I saved my first client 800k on their Taxes over 6 years! 🎉
I knew right then and there that a career in Cost Segregation was for me.
@sidekickshar My specialty, is helping property owners defer their Income Tax liability, specifically in the earlier years of property ownership (through Cost Segregation). If you have a need, or you'd like to hear more about what my company (Madison Specs) does, let's talk.
Fact!
There are 3 kinds of cost segregation studies:
1. Purchase
2. New Construction
3. Renovation
The question is, which study is right for your property?
Is there anything sweeter than a bag of💰 from the IRS?
Doing cost segregation on a property bought 2+ years ago, allows you to net all the catch up depreciation.
Cost segregation can be done after the 1st year, added benefit, all missed depreciation is realized immediately.🤑
Did you know?
Cost segregation does not need to be completed in the first year a property is purchased.
Not even in the second or third year of the property purchase.
Contact me to learn more!
Unlock the power of the time value of money with cost segregation. Reclassify building components for faster depreciation and increased cash flow. Save on taxes too! #costsegregation#taxstrategy#cashflow Contact us for a complimentary proposal.
Cost segregation can be a game-changer for property owners. Don't miss out on the opportunity to increase profitability and value. Contact me for a complimentary proposal. #propertymanagement