All Forum Posts by: Josh Lifton

Hey Swathi! As you can see from above I am still trying to figure this out as well but as fair as DIY, I know some people who used this website for a DIY cost seg and seemed happy with it. They have audit protection you can purchase with it.

 https://form.diycostseg.com/

Thanks so much everyone for the responses. This is helpful to figure out where to start as I am unsure yet if this will truly be something of value to help lower my tax liability to be worth it given it is just a single condo vs a whole apartment building. 

Hey all!

I just recently turned my Boston condo into a rental property. I lived there for 9 years as my primary residence and now have moved but am renting it. I know that bonus depreciation is slowly being phased out, so because I started the rental in 2022 I wanted to see if despite living there so long, doing a cost segregation study makes sense. I was wondering if anyone had a) any input on if this thought process made sense or by having already lived in the property as my primary residence for so long negates any benefit I would get and b) if anyone had a recommendation of a Boston area firm that could do the study? 

Thanks,

Josh