Deep Dive on Cost Segregation Analysis Depreciation (Episode 85) S6 E9
Manage episode 347760367 series 2936153
You can watch this episode on Youtube.com: https://youtu.be/KZWEb2iXAH4
Cost Segregation Analysis Studies are an important part of investors' tax strategy for depreciation. If it's a commercial building, you can take 39 years of depreciation. If it's a residential structure, you're able to depreciate for 27 and a half years. But does your carpet last for 27 and a half years? No, it depreciates faster. You can depreciate different elements of the structure at different rates (5 years, 7 years, 15 years), but you have to have a study to make sure you're doing it right.
Join us with our guest, Erik Oliver from Cost Segregation Authority, as we dive deep into the different aspects of Cost Segregation Analysis!
0:00 - Introduction
1:47 - Define Cost Segregation Analysis. Taking depreciation in different chunks at an accelerated pace. Why is it important? Cost value of money, inflation, and tax strategy.
4:23 - What happens when you sell? You pay two types of taxes: 1) capital gains and 2) depreciation recapture. Take your deduction at a higher rate, then pay your taxes at a reduced rate on a future date. How do they come up with the numbers?
12:05 - It doesn't work on EVERY property.
16:05 - Bonus Depreciation. Bonus depreciation means you can get 100% of your depreciation right in the first year...until the end of 2022.
18:50 - Put it "In Service". You can take depreciation if the property is "in service" according to the IRS.
23:15 - An Airbnb Example. Use the tax savings as the down payment. Cost segregation does NOT generate audits.
29:28 - What'd we learn today?
34:43 - Outtakes
* No IRS agents were harmed in the making of this video.
Please contact us to tell us you love us, you want to hire us! Call or text:
Special Thanks to our guest:
Erik Oliver, Regional Manager
Cost Segregation Analysis
1-800-940-3115
info@costsegauthority.com
Realtors with Hive Collective at Presidio Real Estate:
Tyler Cazier: 801-210-0230
Aric Wiszt: 801-228-7687
Lender with Elite Team at Security Home Mortgage:
NMLS: 178787
Jason Christiansen: 801-669-7271
NMLS: 240472
A Production with Security Home Mortgage's Jason Christiansen, and Hive Collective at Presidio's Tyler Cazier and "Mr. Suit" Aric Wiszt.
93 episódios