Get the most out of your real estate investments in Dayton
If you own any property in Dayton , you may be surprised at how significant tax savings can result from a Cost Segregation study. For owners who hold commercial and residential investment properties, such as apartment complexes, multi-family units, and even rental properties, Cost Segregation can provide immediate financial returns to owners in the Miami Valley area.
By using this technique, property owners in Dayton and in the other cities where our firm operates can qualify to take advantage of shorter depreciation schedules of 5, 7, or 15-year rather than 27.5-year or 39-year for buildings or for land improvements.
Explaining Cost Segregation
The cost segregation study requires an engineering study conducted by our professionals to determine which building components can be accelerated for depreciation on your Dayton building. The certified professionals perform a thorough study on your building, inspecting everything from lighting to your pipes, floor types, and special fixtures and trim.
The process divides the costs of a property and sorts them by asset type according to the IRS standards. Instead of writing off your property in its entirety over a few decades, if it’s eligible, you can depreciate the portioned out assets on 5, 7, and 15-year schedules, which provides deductions in the current tax years.
The advantages to Dayton homeowners
Cost segregation studies offer concrete financial benefits:
- Instant savings : Slash this year’s tax by thousands or even tens of thousands.
- Improved cash flow , retain a larger sum in your wallet to fund further reinvestment or cover overhead
- Retactive benefits – Include recently purchased properties in study results, then amend prior tax returns.
- 0% interest loans , Pay taxes without late fees and remain compliant.
- Higher basis in the property : Leave as much tax break opportunity as possible for future tax planning.
For Whom Is Cost Segregation Suitable?
This strategy works best for some kinds of Dayton property owners and circumstances:
- Commercial Property Investors : Office, Retail, Warehousing and Industrial
- Landlords Residential Rents are owners of apartments, condominiums, and residential rental housing
- Recent buyers , properties purchased a few years ago provide the best opportunity.
- High-income Earner : Investor with a high level of taxable income who would benefit from a larger deduction
- Property renovations, Recent refurbishments and tenant fit-outs give good separation options
In Dayton, Our Cost Segregation Study Includes
In order to ensure maximum tax benefit, we follow IRS approved methodology and stay in full compliance with all tax regulations.
- Full inspection of the property. : On-site evaluation of every property element and system.
- Engineering analysis Engineering analysis of the construction and material used
- Cost estimation; : Accurate distribution of costs to suitable depreciation buckets
- IRS compliant documentation , full reports that document your tax positions.
- Tax return preparation help , , help with correct filing of tax schedules and depreciation
Why Choose Us
Our Dayton, Ohio team has decades of experience in conducting cost segregation studies for Ohio property owners and is well-versed in construction practices, building codes and the market conditions that affect local real estate investments.
We go beyond meeting IRS standards on every audit we perform, so you can take maximum advantage of all your allowable deductions. Our experts coordinate with your tax counsel to integrate our findings and recommendations into your overall tax plan.
Step 1: The Cost Segregation Study
Interested in saving tax money on your investment property in Dayton? The first step is to schedule a no-obligation consultation to assess your situation and determine how much you can save.
Don’t miss out on another tax season by not using this technique. Contact us now, our cost segregation experts can set you up with an appraisal, and help you realize how much you could save on your next tax return.