Another benefit is the ability to dispose of a component like the old roof when a new roof is installed. 

For instance you won't put in a garbage disposal, or you only put in vinyl flooring instead of carpet ect...?

@David Dachtera,Yes, Mindset is the most powerful tool we have at our disposal but also our greatest enemy.

Anything else is garbage and will be a disposable car at the end of its 10 year battery life or whenever it gets i a minor accident.

Using the example above, a cost segregation study can only apply to $500,000.Option 2 (simplified method): Taxpayers can elect to treat the adjusted basis of the exchanged property as if it was disposed of at the time of the exchange.

Again though, I like that they have so many resources, checks, and balances at their disposal to get us through the deal smoothly.  

Not only taking out the toilet but removing it from the property, disposing of it, and all of the water clean up.

Both you and the related party must hold the properties for at least two years after the exchange.If either party sells or disposes of the property before the two-year mark, the IRS could disqualify the exchange, making the capital gains immediately taxable.

Right now we are seeing land taking some decent hits (especially what your selling) as disposable income is down and a lot of this land really has no way to be built upon because it lacks any source of water.

Lots of metrics and tools in the CRM at your disposal.