Insight
The cost of a cost segregation study can range from $3,000 to $10,000, and is a tax write-off.
Cost segregation strategies to minimize your taxes (Ep584)
Summary
This podcast episode discusses cost segregation strategies for short-term rental properties, emphasizing the ability to depreciate the costs of renovations, new furniture, and other durable items. Hosts can deduct these expenses or depreciate capital expenditures, but it requires a specialist to perform a cost segregation study to maximize tax savings.
Key takeaway