I am a Business Broker and Commercial Property Owner in Las Vegas and I created Cost Segregation USA after discovering the need for higher quality asset reclassification services. Depreciation is at the heart of the tax savings that you can use to reduce your tax liabilities. On average, most property owners can depreciate about 80% of their property value. On a $1,000,000 property, that is an $80
0,000 deduction. The standard depreciation is over 29 years for residential rental properties and 39 years for hotels. A cost segregation study will separate your asset into classes that can be depreciated the first year they are placed in service. It is common that 35-50% of your asset will fall under this classification and you can deduct that amount off your taxes this year. If you can depreciate $400K, that depreciation becomes a passive loss and it will offset other income you may have earned during the year. If you are in the 35% Federal Tax Bracket, a $400K loss reduces your tax liability by $140K. Would you like to save on your taxes this year?
