Need a Cost Segregation in Cleveland

[Scott Hubay]

Question for everyone: 

I'm looking for an accountant/engineer who does cost segregation depreciation analyses in the Northeast, Ohio area. I just bought a duplex as an owner occupant, and I want to maximize my depreciation savings from the rental unit. If anyone has anyone that they've used and liked and could refer me, I'd appreciate it. 

[Dave Toelkes]

What is in the duplex that will give you a depreciation advantage.  If you are thinking about breaking out the cost of individual structural components to depreciate separately, that won't get you anywhere because the depreciation class life for the structural components of a residential rental property is the same as the class life of the dwelling structure itself. Probably best to just wait until you have a major system replacement, then depreciate that asset on a new depreciation schedule.  

If your duplex has some used appliances (range, refrigerator, dishwasher, washer, dryer) you could break out the thrift shop value out from the cost of your dwelling structure, and depreciate those over five years or until they are replaced, but, the thrift shop value of used appliances is usually not worth the time and expense of a cost segregation study.