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Updated almost 2 years ago on . Most recent reply

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Gabriel Litvack
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3
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Cost segregation study

Gabriel Litvack
Posted

Hi, I'm a real estate investor in New York and I'm looking to do cost segregation on my properties. 

does anyone know how can I do it myself and if is there any app that walk through the steps of the cost segregation study?

thank you

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609
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Bonnie Griffin Kaake
  • Real Estate Consultant
  • Denver, CO
366
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609
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Bonnie Griffin Kaake
  • Real Estate Consultant
  • Denver, CO
Replied

@Gabriel Litvack Cost segregation studies are not DIY projects unless you like spending time with IRS auditors. ;-)  The IRS' preferred methodology for a cost seg study is engineering-based. This requires someone experienced in engineering, construction and accounting. It also requires an on-site property review inside and outside by a professional. The difference in cost between a rule-of-thumb approach or "desk-top" study is simply not worth the risk and rarely gets you the same amount of tax benefits. 

  • Bonnie Griffin Kaake
  • [email protected]
  • 303-475-4459
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