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Updated over 2 years ago,
Cost Segregation algorithm
Purchased a multifamily, would like to do Bonus Depreciation.
I am stuck at the Cost Segregation
I see lots of people do 20-30% of house value(without land)
example: purchase price $100k, land $20k, other value $80k.
if we take 30%, would be $24k for Bonus Depreciation.
My question:
1. Can I do Cost Segregation like this by myself like this?
2. Do I need to hire professional for this? what is the most common way to handle Cost Segregation