Updated about 3 years ago on . Most recent reply

Cost segregation study with furniture
Hey everyone! I am about to make an offer on a house full furnished. I have heard it would be advantageous to have written into the contract a price for the furniture. Will this help when doing bonus depreciation? Thanks!
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Yonah Weiss
Tax & Financial Services
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- Cost Segregation Expert and Investor
- Lakewood, NJ
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Not true. Better not to have furniture in the PSA from a depreciation stand point. Some people like to do this on large properties to help lower property tax assessment by allocating some of the price to personal property.