One of our clients recently deferred $95,563 in taxes. Here’s how: Last year they acquired a 15,000 square foot warehouse used as a storage facility rental for $879,000. The law doesn’t allow them to deduct the full $879K against their taxes in year 1, so my team had to figure out the useful lifespan of each component of their property in order to maximize their tax deduction via bonus depreciation. For example, a countertop has a 5 year lifespan, HVAC has a 39 year lifespan and various land improvements like sidewalks, fencing, and parking lots have a 15 year lifespan. After virtually touring the property and itemizing all of the components, our engineers were able to assign a value of $258,278 into either 5, 7 or 15 year assets. The 3 biggest levers for depreciation for this specific property were: 1. Concrete paving 2. Crushed rock paving 3. Chain link fencing Under a 37% tax rate scenario, performing this cost seg allowed our client to defer $95,563 in taxes. The study took us just 4 weeks to complete after the initial site visit occurred. If you are a real estate owner or investor and you are interested in learning more about how cost segregation can help you defer more in taxes, just click the link below, fill out the form and we'll send you a free proposal for your property soon. recostseg.com
zac i know it's not totally your fault what happened with blockfi, but it's pretty unconscionable that you'd join a new venture when you have thousands of creditors facing dire straits because of your handling of their funds. you must realize that they don't want to see your face until you make them whole, right? this should be your number one goal, THEN you can go start a new job in a completely new industry, hoping ppl won't know who you are
@CostSegZac And what did this analysis cost for your client?
@CostSegZac This sounds like a great idea, but it would be better with a female co-founder. Then you could go on real vision and interview each other. 😄
@CostSegZac Hi, yes we could use a cost segregation study for our business at 1500 Hazen St, East Elmhurst, NY. Can you meet us there tomorrow at 9am. Lots of paving and chain link fencing on this project.
@CostSegZac How are you not in jail with SBF
@CostSegZac Avoid the recapture of losses taken on deprecation with Opportunity Zone investing @DallasAptGP