I'm doing a 1031 Exchange.  I'm right in the middle of the 45-day window to identify. I haven't yet found anything that gets me too excited yet and I'm feeling a little stressed about it. The whole thing could blow up...

A question that we get:
"Does the IRS require site visits for cost segregation studies?"
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conduc...

Hi BP community. I bought 28 apartment units in Georgia in June 2022. I am looking to hire a firm to do a cost segregation study. In one of the quotes, the agents gives me the option wether to authorize the his firm t...

Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....

Ok I THOUGHT I knew about these things after buying and selling real estate for many years BUT am always eager to learn except when doing a 1031 exchange you need to pay income tax on profit when you sell a property c...

Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!

I get the concept (number of days, etc), but how was the operational aspect?- Were you audited which seems very likely with 1031s?- Is there a huge delay in filing taxes since the 1031 admin has to liaise with your ac...

question for those who claim the home office deduction: So I have 3 properties total under an LLC as well as my regular full time job.  I have a room in my basement where I've always kept all books, a desk and have us...

I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...

Hi all,
Like many small landlords, I am trying to take advantage of cost segregation to increase my depreciation and further reduce tax liability.
However, a full-engineering approach is quite costly (easily over $...