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Updated almost 3 years ago on . Most recent reply presented by

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25
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Eric Sebast
9
Votes |
25
Posts

Cost Segregation using diycostseg.com?

Eric Sebast
Posted

Hey all, just about to close on our first property at just over $100k, talking to the CPA who we have used in the past he said he doesn't recommend doing a cost segregation because it would cost us about $3k for him to do it and since it is only a $100k house, he doesn't think its worth it to us to spend that.

So looking around, I found diycostseg.com, and with the audit support it would cost us $690 and just doing the quick tool says the first year depreciation would be about $29,000.

has anyone had experience with that site, or have any recommendations they could share? 

  • Eric Sebast
  • Most Popular Reply

    User Stats

    626
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    495
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    Joe Martella
    • Rental Property Investor
    • Cherry Hill, NJ
    495
    Votes |
    626
    Posts
    Joe Martella
    • Rental Property Investor
    • Cherry Hill, NJ
    Replied

    I am following.  Everything seems good until it comes time to respond to an audit.  That is the true test.  Will the cost segregation provided hold up in an audit. 

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