All Forum Posts by: Yonah Weiss

 Thanks so much for the mention Nathan! Always happy to help.

@Prithvi Sri Yes you can do a cost seg to accelerate deprecation, however you benefit will depend on what your carried over tax basis is in the property and how much, if any, capital you put in to the new purchase.

@Pier Di Giorgio you ask what is the best way to find a good CPA, do a quick search here on BP, the question has been asked hundreds of times, and there are about 20 or so very qualified CPAs that are active on this site like @Daniel Hyman @Michael Plaks @Ashish Acharya @Nicholas Aiola and Bassit who wrote above, just to mention a few

Hi Charlie,

We work in all 50 states. But BP doesn't allow self promotion in the forums, so you'll have to DM me if you'd like to discuss 😉

@Tanner Sherman makes a great point regarding REPS and whether or not one can benefit from the accelerated depreciation.

To answer your question @Alex Bellini, each property, and type of property is unique and have different assets and amounts that can have accelerated depreciation into 5 year (personal property) and 15 year (land improvement) categories. 

That being said, on average we see about 25-30% of reclassification to faster depreciation (eligible for 100% bonus depreciation) for garden-style multifamily properties, and 15-20% for SFRs, unless they are short term rentals, in which you own all of the furnishings and amenities, it's more like 25-40%

The cost should be associated with the scope of work of the project in which multifamily or other commercial properties require significantly more work, whereas SFRs require relatively less.

Thanks for the mention @Daniel Hyman! 

@Aaron Natalie happy to help. We work nationwide.

Thanks for the mention @Bernard Reisz

@Alex Shaughnessy congrats on the recent acquisition. I would be happy to help, feel free t o DM me. We work in all 50 states.

@Jinhee Hann I think what @Sarah Waterman was saying is that you CAN depreciate the purchase (and allocate that with cost segregation), but what you were mentioning your cpa did was for inventory and improvements...NOT cost segregation study.

Thank you for clarifying that @Michael Plaks!