Cost Segregation Study

[Patrick Rich]

I am
interested in doing a cost segregation study on one of my properties. Can you tell me if it is possible to do a study on a property that was once a primary residency bought, purchased 6 years ago and that I now started renting this year?

[Account Closed]

This is over 4 years but would love to still contribute. This is considered a high value tax strategy. For me, it's works great specially when you're in rental property.  This will be a catch-up study that lets you claim all the depreciation you missed over the past years, all at once on this year's tax return, which your tax professional will handle with a specific form.