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Updated over 5 years ago,
Cost-Segregation and how to start with it
Hi, I am investing in rental homes in Maryland and for years my CPA has been doing straight line depreciation , but recently i paid off some mortgages and got few more rentals, now i have a lot of taxes to pay. I have heard about Benefits of Cost-Segregation and asked my CPA his answer was: "you would need to hire an engineer who would do a cost segregation analysis on the property".
Does CPA should know how to do it? Can someone refer me to another CPA who would know himself?
Thank you!