How does our renovation and furniture expense factor into a cost segregation study?  

There were dog feces and urine everywhere on the old wood floors in addition to trash, old furniture, clothes, and appliances. $1500 to clean up and worth every penny.

Cost of furnishings - luckily in our market the majority of properties come fully turnkey meaning, I write my contracts like so: Personal Property included with the sale, any furniture, décor, lamps, kitchen and household wares, linens, electronics, appliances, all patio and deck furniture, fire pits, hot tubs, rugs, currently located at the residence at no additional value.  

No one is living in the property, if it goes under contract, no one is packing the bags, calling furniture movers, setting up storage arrangements, they aren't out with another agent looking for a place to rent, taking off from work,  they probably won't put a contract on another house, with a down payment and earnest money subject to the closing on their empty house.

You'll have to pay tax on the remaining FFE (furniture fixtures and equipment) and good will.

For example :-The type that insisted on going to the out of state liberal arts school and racked up $150,000 in student loan debt while acquiring their degree in English literature-Your neighbor that have two $40,000+ new cars in the driveway while saying it is way to risky to invest in real estate because you could lose money-Your friends that time boasting about all their 0% financing on their furniture then forget to pay the balance offPeople on BP tend not to be in these categories.    

Equipment, furniture, and fixtures, termed "§ 1245 property", are tangible personal property.

It provides buckets on how to depreciate your building, furniture, appliances, etc.

Or if your family needs new furniture and it lines up with what you need for staging, buy it for staging a house, then bring it home! 

I ended up using that money to put a down payment on our first house and there were also a lot of other expenses such as appliances, furniture and other stuff that comes with a first home purchase.