Getting a Cost Segregation Study Before Time Runs Out
This article discusses a unique tool that many CPAs do not utilize or even know about. The cost segregation study is a way to recognize the fact that a building depreciates over time due to everyday wear and tear. Specifically, “a property’s elements are divided into two categories: real property, which includes permanent and immobile objects….and personal property, which includes objects like flooring.” As of right now, there is a 100% bonus depreciation rule in place that allows your clients to write off all of the building’s personal property. However, time is running out. Be sure to check out this link for more information and details!
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