The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Segmenting Assets to Accelerate Depreciation||Date: 4/22/2008 2:14 PM|
|Author: ptheland||Number: 100520 of 123019|
Thank you very much, you certainly know what you are talking about.
Being a tax professional, I try to keep up with things. It helps keep the malpractice lawsuits at bay. ;-)
And now that tax season is finally over, I can wax philosophical again as necessary.
I guess I should have been clearer in asking my question.
I understand that for a residential rental worth less than $1M, it is not worth the cost and hassle of a cost segregation study.
Say you have a SFH worth $500,000, and it's brand new, and you happen to know the costs of some of the assets within the home (carpet, stove, washer, dryer, refrigerator, fence, other 5 & 15 year assets etc...)
And assume you do your own taxes.
No need to assume