Cost segregation is one of the best tax strategies for anybody in real estate investing, such as short-term rentals, to create losses that offset active and passive income. Find out how to keep your taxes as low as possible. 

Today, Clint Coons of Anderson Business Advisors talks to Erik Oliver, Managing Director of Cost Segregation Authority. Erik shares cost segregation techniques that you should apply on your properties to reduce your income taxes.

Also, Erik speaks at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Prior to joining the Cost Segregation Authority, Erik was an operations manager for a multi-million-dollar landscaping and design firm in Long Island, NY.

Highlights/Topics:

What is cost segregation? Accelerated depreciation of property assets

How does cost segregation work? Get cost seg study done to get deductions sooner

Past vs. Present: Cost seg was only for commercial properties, now includes residential

Bonus Depreciation: Benefits are bigger, fees are less for cost seg study of properties

Missed Depreciation: Fix asset depreciation w/ cost seg study, w/out amending returns

Why not do a cost segregation study? Passive loss issue or huge carry forward

What about inflation? No other reason to wait, get deductions sooner than later

Partial Asset Disposition: If assets are disposed of early, write-off book value as expense

Resources

Request a FREE Cost Segregation Benefit Analysis

Cost Segregation Authority

Cost Segregation Services

Cost Segregation Study

Erik Oliver’s Email

Erik Oliver’s Phone: 602-568-0032

Tax Cuts and Jobs Act (TCJA)

Capital Gains and Losses

Clint Coons

Anderson Advisors