All Forum Posts by: Clyde Patton

I own vacant lots in a Qualified Opportunity Zone.    I am building houses on these lots and wish to sell to people who have capital gains so that they can benefit from the tax breaks.  I am looking for information on how to structure and market property in an Opportunity Zone Fund. If you have information or can point me in the direction where I can find it I would appreciate it.  

I have a rental in South Bend and I am looking for a property manager.  Would you mind sharing your property manager's contact information?

My advice is to talk with a CPA.  I am pretty sure he or she will tell you that you do not need do a cost segregation to depreciate furniture or appliances.  Cost segregation involves depreciating components of the structure such as the roof or a/c on a shorter depreciation schedule.  A good CPA will tell you that you are merely accelerating the depreciation on these components and not increasing the overall depreciation that you are ultimately entitled to take.  Be sure to talk about your expected hold period as this will influence the analysis.