CS Basics
This engineering-based study allows you to accelerate depreciation.
What is cost segregation?
Land is depreciable
What is false?
Acquisition minus land
What is Building Basis?
Instead of generating credits, cost segregation generates these.
What are deductions?
The standard depreciable life for a commercial building is this many years.
What is 39 years?
This is what ASCP stands for in cost segregation.
What is American Society of Cost Segregation Professionals?
Cost segregation does not create brand-new deductions, it only changes their timing.
The standard depreciable life for a residential building is this many years.
What is 27.5 years?
This record shows how much of a building’s value is written off each year for tax purposes and is the most crucial document to review before performing a cost segregation study.
What is a depreciation schedule?
This is the reason why land value is removed from the purchase price in cost segregation studies.
What is “land is not depreciable”?
It is most beneficial to do a cost segregation study at this point in time.
What is as close to the purchase date or placed in service date as possible?
When a residential property is too small for KBKG to perform a standard study a different software is used
What is Residential Cost Segregator?
The typical timeframe for KBKG to complete a full cost segregation study after receiving the signed engagement letter.
What is 45–60 days?
If a cost segregation prospect’s tax filing deadline is 3/15 and they extend, this becomes their new deadline.
What is 9/15?
To qualify for the Residential Cost Segregator (RCS), a property must meet these three requirements.
What is: (1) Residential Property, (2) 6 units or less, (3) Depreciable basis of $1.2M or less?