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Updated over 2 years ago on . Most recent reply
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Cost Segregation Companies ~Any suggestions?
Good or bad experiences? Home is in Temecula, CA. Purchase price 545K, new paint floors and fixtures, appraised at 825K. Also outfitting with furniture and fixings as a Midterm rental. Will this completely erase my obligation to collect and hold and itemize all my renovation receipts and let the cost seg do it once and for all? I have REPS status, no W2,but I am an independent contractor part time and make 70K year passive income (alimony) that I pay taxes on as well as another rental that grosses 36K and about 40K gross as a gig worker(non passive). My AGI comes out to 51K. I'm assuming this carries over.
I received a quote for $3650 out the door using engineers and guaranteed Audit defense. Anyone use CostSegAuthority.com? Thanks for your input!