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Cost Segregation
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Step 1
Feasibility Analysis
Review the property's purchase price, construction cost, age, and type to see if the potential tax savings outweigh the cost of the study.
Step 2
Document Gathering:
Collect essential records, including the purchase agreement, closing statement, architectural blueprints, and contractor invoices.
Step 3
Site Inspection
Have an engineer or specialist perform an on-site physical walk-through of the property to photo document & measure interior and exterior components.
Step 4
Asset Classification
Separate components like carpeting, specialized lighting, and landscaping (shorter-lived 5, 7, or 15-year property) from the structural shell (27.5 or 39-year property) using IRS Publication guidelines
Step 5
Report Delivery and Filing:
Receive the detailed, audit-ready asset report and coordinate with your CPA to implement the new schedule or file IRS Form 3115 for retroactive properties.
Process and workflow
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