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Updated over 2 years ago, 07/12/2022
Cost Segregation study?
Looking for advice - Does it make sense to do a cost segregation study on a property (and claim accelerated bonus depreciation) I bought this year considering the following? why/why not?
(I understand that I need to consult a CPA to get the answer specific to my situation, but just wanted to get a general idea on what experienced investors suggest)
1) Property cost ~1M. Passive investment for tax purposes
2) Property is a two-family. In the process of doing a large renovation (~$100k)
3) Expecting to generate around $35,000/yr net cash flow
Thank you!