Reporting Bonus Deprecation from a Cost Segregation Study
Hi, I am getting my cost segregation study and need to know how to report this in my taxes. Any help would be appreciated. I have an idea of how to do it:
-lump the 5 year items together in the assets worksheets, depreciate as needed and select bonus depreciation
-lump the 15 year items together in the assets worksheet, depreciate as needed and select bonus depreciation
-subtract those totals from the structure value, so that I am not double dipping.