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Benefits of Cost segregation

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Expertcostseg Oconnor
Benefits of Cost segregation

A method for improving cash flow and lowering income taxes for commercial and residential property utilized in a trade or business is cost segregation. Real estate including hotels, restaurants, offices, flats, car dealerships, manufacturing facilities, and retail centers can all profit from cost segregation's tax advantages. https://www.expertcostseg.com/

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Bonus Depreciation vs. Cost Segregation

Bonus depreciation IS cost segregation!

Bonus Depreciation is a specialized type of cost segregation. Cost Segregation, in the broader sense, is a process where a commercial, for-profit venture may identify or segregate the personal property assets and the structural component of a property for the purpose of more accurately detailing their respective tax depreciation.

In its current form, Bonus Depreciation, as established by the Tax Cuts and Jobs Act of 2017(TCJA), is a tax incentive provided by the government that allows an owner of a for-profit commercial asset to immediately deduct a large percentage of the purchase price of eligible assets acquired or constructed within the mandated time frames, thereby significantly accelerating depreciation. However, to be eligible, the asset must be purchased or constructed after September 27, 2017, and/or before January 1, 2023.

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