Cost Segregation study
I reached out to my accountant about doing a cost segregation study in order to utilized the accelerated depreciation, and he said that it’s usually very cost prohibitive and is hard to justify unless you have a very high income. I have a high income producing beach rental duplex that was purchased after the accelerated depreciation start date in 2017, I have a high paying W2 job in medical sales, and my wife is a real estate professional, with 1099 income, so it seems ideal to write a lot of this off. He is under the impression that a cost segregation study is extremely expensive. Does anyone have any knowledge about this or recommendations on who to use for a cost segregation study? Thanks!