Commercial Buildings Save Taxes
Most buildings are depreciated over 27.5- or 39-years. A cost segregation study re-categorizes a portion of your building into?5-, 7- or 15-year class lives. When the usable lives of these items are accelerated, your income is reduced, thus, reducing your income taxes.
?Within the first five years of building ownership, you could save up to $100,000 for every $1 million in building costs. Cost segregation has been recommended by the AICPA and many leading financial publications, including the?Journal of Accountancy.
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