Cost segregation is a tax planning strategy used by real estate rental owners to accelerate depreciation deductions on their properties. The primary goal of cost segregation is to identify and reclassify components of a property, such as building improvements, personal property, and land improvements, into shorter depreciable lives for tax purposes.
At Formations, we have partnered with Cost Segregation Authority, a team of dedicated experts who have assisted numerous self-employed rental property owners in harnessing the full potential of cost segregation.