If you’ve owned your building for less than 15 years and the original cost of your building (plus any improvement costs) is $300 K or more, you should qualify for Cost Segregation. If you’ve owned your building for more than 15 years but you’ve made significant improvements in the last 15 years, you should get a free quote as you very well may benefit from Cost Segregation. This will also work for any leasehold improvements you have made in excess of $200 K.
Are there any reasons not to get a Cost Segregation Study?
Yes. The reasons not to get a Study done would be:
- If you plan to sell your building soon.
- If you simply do not owe any taxes (then there is no reason to increase your tax deductions).
Find out how much you’ll save in taxes! Fill out the short form on the right.