Anyone use SimpleSeg cost segregation study? They advertise they can provide a study for under $300 in 10 minutes for residential under $500K.I have a home on the market I’m planning to 1031 exchange. Does it make sen...

Hi fellow investors -
I recently conducted two cost segregation studies on my rental properties.  I am self-filing my taxes through TurboTax (extension in Texas due to ice storm) yet I can't seem to locate where or h...

 I continue to sit in on Denver's Short-Term Rental Advisory Committee meetings. (Because I'm just that cool.) Thought I'd share what came up for any of you out there who are interested in Denver and Airbnb. What I fo...

The IRS released new guidelines and best practices for their internal review/audit process of 179D tax deduction claims. If you have claimed this deduction or plan to in the future, ensure that your CPA or tax special...

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? Before we explore this question, an important re...

Hi BP world, I am currently not taking a home office deduction since the entire space I use in my primary residence for my rental business is also used for personal activities (computer, file cabinet, office desk).  A...

I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank acc...

Does anyone know if there is a software or service that is a Low cost option for Cost Segregation?  I understand that there is such a service/software that is enough to meet IRS standards without an actual appraiser g...

Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings. A cost segregation study is a strategic tax planning tool that separates the assets that have a s...

It typically involves the following steps:
1.Seller Deliverables. Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environm...