Cost segregation on commercial Building

[Henri Meli]

I recently purchased an office building and an engineering firm reached out to me and suggested that I do cost segregation for the building to save on taxes.

I have read about it vaguely (separation of personal versus other assets and use of depreciation in various years to achieve this). Has anyone done it? Has it saved money?

Any input would be appreciated.

[Ted Lanzaro]

I am a CPA investor who is an expert in this area having written a book and dozens of articles on it.

The answer is it depends!

Do you have a lot of other rental income?

Are you an active manager of the building or real estate professional or is the building managed by others.

Any CPA answering this question would have to know a lot of specifics about you to know is a study will be worthwhile to you.

Send a colleague request to me if you would like more info.

Ted