Bonus Depreciation/Cost Segregation in CA

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Malik JavedBusiness Member
Specialist · Los Angeles California · Member since 2024 · 90 posts · 38 votes
6mo

@Sam Chan

You should always read the bio and resume of the persons signing your Cost Segregation study. Make sure they are certified with the American Society of Cost Segregation Professionals (ASCSP). The designation for Certified Cost Segregation professional is CCSP and comes after the engineer’s name. Any designation less than that is substandard. Just like you would only use a CPA to file your tax return, you should only use a CCSP to conduct your Cost Segregation study. Happy to discuss further if you have questions.

KBKG | Tax Credits • Incentives • Cost Recovery 51 Review
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  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    6mo

    Your CPA?

    0Reply
  • Sam Chan
    OP
    Member since 2021 · 26 posts · 13 votes
    6mo

    CPA told me to hire a specialist.

    2Reply
  • Andrew SteffensBusiness Member
    Tampa, FL · Member since 2022 · 3k+ posts · 3k+ votes
    6mo

    I recommend Engineered Tax Services which I believe operate in all 50 states, DM me your email address and I will connect you with my contact there.

    [email protected]813-563-0877
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  • Jose OrtizBusiness Member
    Accountant · South Florida · Member since 2026 · 47 posts · 18 votes
    6mo

    Hi I recommend Enginnered Tax Services. They provide great service and clear documentation - importat for you and your CPA. Here is there link: Engineered Tax Services

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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    6mo

    Cssi is my preferred cost seg provider. I have a couple contacts there that I'd be happy to intro you to. 

    [email protected]
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  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 978 votes
    6mo

    @Sam Chan

    Did your accountant confirm that you will benefit from a cost segregation study? Do you qualify as a real estate professional? Do you qualify for the short-term rental loophole? Do you meet the material participation requirements? You want to confirm these items before you do a cost segregation study. 

    A cost seg allows you to accelerate the depreciation in the property giving you approximately 20-30% of the purchase price in bonus depreciation. 

    Make sure your accountant specializes in real estate taxation and works with cost segregation companies. 

    Hope this helps. Good luck. 

    404-482-3170
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  • Malik JavedBusiness Member
    Specialist · Los Angeles California · Member since 2024 · 90 posts · 38 votes
    6mo

    @Sam Chan

    You should always read the bio and resume of the persons signing your Cost Segregation study. Make sure they are certified with the American Society of Cost Segregation Professionals (ASCSP). The designation for Certified Cost Segregation professional is CCSP and comes after the engineer’s name. Any designation less than that is substandard. Just like you would only use a CPA to file your tax return, you should only use a CCSP to conduct your Cost Segregation study. Happy to discuss further if you have questions.

    KBKG | Tax Credits • Incentives • Cost Recovery 51 Review
    WebsiteView Page
    2Reply
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