Referral for Cost Segregation CPA Specialist?

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Julio GonzalezPro Member
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
2y

Here's an article you may find helpful about what to look for when selecting a cost segregation firm:

https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

561-253-6640
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  • Sergio A. Chucaralao
    Investor · Teaneck · Member since 2022 · 49 posts · 29 votes
    2y
    Quote from @Andrea Lopez:

    Looking for a Cost Segregation CPA specialist for my first 2-family property in Northern Jersey!

    Hi, is this an investment property?  If it is your primary residence you can't cost seg. I believe. 
    1Reply
  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    2y

    Here's an article you may find helpful about what to look for when selecting a cost segregation firm:

    https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

    561-253-6640
    1Reply
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    2y

    You can do a cost segregation study on a owner occupied house-hack.

    You just have to properly allocate the depreciable basis / bonus depreciation calculation based on the rental unit.
    You can't depreciate a personal residence, unless you are using a portion of the house as a home office.

    I normally recommend a DIY Cost segregation study for most residential real estate properties.
    Have a home inspection / appraisal with you as you complete the questionnaire.

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
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