Cost segregation for single family rentals?

[Stephen Gregory]

Hi there! We have a couple rentals which are newly constructed single family homes. The purchase amount was $300,000 each and the land cost was about $47,000 each.

I'd love to take advantage of bonus depreciation, however, we would need to do a cost seg study in order to do that.

Does anyone know a way to get an affordable study done on SFR? I'm interested in maximizing our deductions because my wife does have the real estate professional designation. She has a high income and so do I, so we pay a lot in taxes...

[Kevin Grove]

There is a company called KBKG that Tom Wheelwright recommends. They have software called "Residential Cost Segregator". The cost segregation reports cost about $400 per property. They are for up to 6 units and $500,000 properties. You can have your CPA do the report, or I think you can even do it yourself. Audit support is included.