Erik breaks down the complexities of cost segregation, explaining how to strategically allocate deprecation to reduce tax burdens when selling rental properties. Learn why you don't owe back all the deprecation you've taken, how to optimize your tax savings with asset segregation, and the power of cost segregation studies at different stages of property ownership. Whether you're a seasoned investor or new to the game, these expert tips will save you time, money, and headaches.
Key takeaways:
🎯 Learn how to allocate your property’s value
Discover how proper asset allocation within depreciation schedules can significantly reduce your tax liabilities when selling a rental property. Avoid overpaying by understanding which assets depreciate faster and how to optimize their values.
🎯 Implement strategies to reduce or eliminate deprecation recapture when selling
Learn practical strategies, like cost segregation studies and price allocation methods, to minimize or eliminate depreciation recapture. These steps help you retain more of your profits while staying compliant with tax laws.
🎯Save Thousands in Taxes
Maximize your tax savings by correctly categorizing property components through cost segregation. This ensures you're only taxed on assets that truly appreciate in value, while fully utilizing deductions on assets. Understand how strategic tax planning, including depreciation optimization, can lead to substantial long-term financial benefits
