25 January 2026 | 42 replies
Much easier on new construction than an existing building as long as you have good receipts along the way for building components.
19 January 2026 | 8 replies
As a CPA, why would you not also recommend she divide up the component costs of the renovation(ie cost of cabinets, floors, etc) into separate depreciable components, getting 80-90% of the benefit of a renovation cost seg without the cost?
26 January 2026 | 14 replies
With $1.2M+ in properties and significant rehab, the depreciation benefit could be substantial - but so is the audit exposure if you get it wrong.The issue isn't that you'll be "no where as thorough" - it's that the IRS prefers engineering-based studies with detailed component breakdowns.
24 January 2026 | 3 replies
Look at the major components: roofs, siding, kitchens, baths, furnaces and ac units.
20 January 2026 | 26 replies
Yes, they measured all components of properties and split them into different depreciation categories.
24 January 2026 | 3 replies
Let’s dive into it.Potential consequences of working with an unqualified firm:Missed opportunities: Firms that are inexperienced may overlook numerous components that are eligible to be reclassified as they lack the knowledge or don’t perform a thorough analysis.This reduces the amount of potential deductions which also reduces your potential tax savings!
24 January 2026 | 6 replies
Cost seg is looking at the structural components of the property that come with purchase, not at the items you buy after you acquire the property.
15 January 2026 | 7 replies
A comp on the other side of town is 305k.
28 January 2026 | 23 replies
Every component of a house comes with a design life.
29 January 2026 | 2 replies
I have also had direct theological talks with many of my clients, as well as people who have yet to become closing clients, and I have to say that like 70% or maybe 80%+ have all voiced components of faith.From the "have a blessed day," to "only God knows," or "God willing," to literally praying for and with some clients over the phone when we are thousands of miles apart.