Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: RealTaxTips Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Segmenting Assets to Accelerate Depreciation Date: 4/9/2008 6:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thank you very much, you certainly know what you are talking about. 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. Would you go through the trouble of separating them out and depreciating them separately? There are websites that are free and make it easy to do, I'm wondering why not everyone is using them.

You are completely right in your PS comment. Do you think the IRS comes down on those heavily for property worth less than $1M.

From my understanding of what you are saying, say property A has a $2k washer, and property B has a $1K washer. This is an issue since you are trading down - but what if property A had a $1k dryer and property B had a $3k dryer? Wouldn't the common assets just offset each other since they are like-kind.

This is a weird example, I was just trying to illustrate. I guess I am generally assuming that you will always be trading up in a 1031...

I'd love to hear your thoughts.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement