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        <title>Seaport Real Estate Services Blog</title>
        <link>https://www.seaportre.com/blog/tags/costsegregation/</link>
        <description>Read up on the latest happenings in the housing market, plus get some tips whether your buying a new home or selling your old. We have must reads for first time home buyers. </description>
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    <guid>https://www.seaportre.com/blog/depreciation-hacks-how-cost-segregation-can-give-your-commercial-building-a-quick-depreciation-makeo.html</guid>
    <link>https://www.seaportre.com/blog/depreciation-hacks-how-cost-segregation-can-give-your-commercial-building-a-quick-depreciation-makeo.html</link>
        <author>tbray@seaportre.com (Tim Bray)</author>
        <title>Depreciation Hacks: How Cost Segregation Can Give Your Commercial Building a Quick Depreciation Makeover</title>
    <description> <![CDATA[ 



Looking to accelerate the depreciation schedule of your commercial building? There's a tax strategy that can do just that - cost segregation. It's like going through your closet and separating the designer pieces for a unique, more rapid depreciation treatment.


Cost segregation is the process of identifying and reclassifying components of a commercial building that can be depreciated over a shorter period, such as five, seven, or 15 years, instead of the usual long-term schedule. To make this happen, you'll want to enlist the help of a qualified cost segregation specialist, who will identify assets such as electrical, mechanical, and plumbing components that can be reclassified for faster depreciation.


But don't forget to consider the long-term implications of cost segregation. While it can provide short-term tax benefits, it may also result in a smaller tax deduction in later years. So before you start reclassifying all your building assets, consult a qualified professional to ensure the process is done correctly and meets IRS requirements.
 ]]> </description>
    <pubDate>Wed, 22 Feb 2023 08:32:00 -0500</pubDate>
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