Rental House, Duplex, Triplex OH MY!
Jun 19, 2024Do you want to expand your investment portfolio of residential rental properties? Whether you own single-family homes, duplexes, or triplexes, you can take a page from the playbook of savvy investors who leverage every legal tax break available. One powerful strategy is cost segregation.
Cost segregation allows you to front-load qualified depreciation on your residential rental properties. This is done by an engineering study that analyzes the property and separates elements that can be depreciated faster, as described by the IRS here. This means you can significantly reduce your federal income taxes, completely legal, keeping more money in your business or bank account instead of sending it to the IRS.
Consider a recent example from one of our clients who purchased a residential rental property in Ft. Lauderdale in 2023. With a cost basis of $468,729, our expert team conducted a cost segregation study and successfully accelerated $120,870 in depreciation, meaning our client could reduce their taxable income that year by this amount and substantially save on federal taxes that year.
Don't miss out on this incredible opportunity to enhance your investment returns and do it in the right way. Cost Seg America has been in business for over 20 years and we offer the most detailed engineering studies (IRS Approach 1 and 2). Why should you care? A detailed engineering study generally finds substantially more savings for you than the other four IRS approaches and is fully defendable even in the case of an IRS Audit at no additional charge from us.
Utilize cost segregation with Cost Seg America to supercharge your tax strategy, boost your cash flow, and reinvest in your growing real estate portfolio. Act now, give us a call at 1-888-365-5023 or get started online and keep more of your hard-earned money working for you!
Contact us to see if COST SEGREGATION is a good fit for your business.
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