Accelerated Depreciation + Cost Segregation
Modernwash buildings qualify for cost segregation and accelerated depreciation.
Please note: We’ve even had to educate some accountants about cost segregation and accelerated depreciation, so don’t feel bad if this is your first time learning about it.
Take a few minutes to read through this. It could be substantially important to your future profits.
Cost segregation is the practice of identifying assets and their costs, and classifying those assets for federal tax purposes.
It used to be that certain costs were subject to a 39-year depreciable life.
Now those costs can often be classified as personal property or land improvements with a 3-, 5-, 7-, or 15-year rate of depreciation using accelerated methods.
The best part for you? Your Modernwash building qualifies for accelerated depreciation - down to zero - after just one year.
An engineering-based study allows a building owner to depreciate a new or existing structure in the shortest amount of time permissible under current tax laws.
Cost segregation is a major accelerated tax depreciation benefit you receive by performing an appraisal or analysis by a tax lawyer or certified tax professional.
The benefits of a cost segregation study include:
Please note: We’ve even had to educate some accountants about cost segregation and accelerated depreciation, so don’t feel bad if this is your first time learning about it.
Take a few minutes to read through this. It could be substantially important to your future profits.
Cost segregation is the practice of identifying assets and their costs, and classifying those assets for federal tax purposes.
It used to be that certain costs were subject to a 39-year depreciable life.
Now those costs can often be classified as personal property or land improvements with a 3-, 5-, 7-, or 15-year rate of depreciation using accelerated methods.
The best part for you? Your Modernwash building qualifies for accelerated depreciation - down to zero - after just one year.
An engineering-based study allows a building owner to depreciate a new or existing structure in the shortest amount of time permissible under current tax laws.
Cost segregation is a major accelerated tax depreciation benefit you receive by performing an appraisal or analysis by a tax lawyer or certified tax professional.
The benefits of a cost segregation study include:
- An immediate increase in cash flow
- A reduction in current tax liability
- The deferral of taxes
- The ability to reclaim “missed” depreciation deductions from prior years
