Cost Segregation Study

[Account Closed]

I got a call the other day from a cost segregation firm.  He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year.  This is due to taking advantage of bonus depreciation in the first year.  This sounds aggressive to me given the fact that I bought my multifamily for $4.4 million.  Does this sound right?  Does anyone have experience with this?  If so, can you share how much you were able to accelerate in the first year?  Also, if you can share how much a study costed you, that would be very helpful.

Thanks,
Luke

[Rich Weese]

There is not enough info in your situation for me to reply. Your strategy, length to own, attitude toward the tax consequences and benefit to fast forward the loss. Both times cost me about 7K for the study. 154 units and 128. I probably delayed 7 times that amount in taxes the first few years. I'm getting ready to write 1.3 million to the Irs. That just guts me.... 

I have a chapter in my Book called "The worst partner you'll ever have". I feel that way about the irs more than ever before....