CPA Explains The #1 Real Estate Tax Deduction: Cost Segregation Explained

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By a Trusted CPA: The #1 Real Estate Tax Deduction!
Cost segregation allows you to take MASSIVE depreciation expense on your rental real estate properties.
More depreciation means less income reported on your tax return. And less income, means lower taxes.
So stay tuned for this full video to learn more about this powerful tax strategy.
Vendor: recostseg.com/mycpacoach
Watch Next: How to Use Real Estate to Avoid Income Taxes • How to Use Real Estate...
Work Directly with Sherman to Save Thousands on Taxes: mycpacoach.com/save-on-taxes
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

Опубликовано:

6 июл 2024

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Комментарии : 36

@LYFEAccounting Год назад

Watch Next: How to Use Real Estate to Avoid Income Taxes ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jS1p7SBcN4A.html?

@1980Panama 7 месяцев назад

Very professional and nicely explained

@lt5771 3 месяца назад

Good stuff well presented. Thank you

@user-lb3kv1gh3t 7 месяцев назад

Love it! Thank you

@Kool_Rich Год назад

Thank you for this!

@cathyjavier7356 3 месяца назад

Very helpful!

@MrHuntsville Год назад

In depth video !

@caribbeangifts 7 месяцев назад

Can you recommend an accountant in Georgia or Alabama does Cost Segregation Studies?

@user-fh4mb8ji6l День назад

How often do you have to get a cost seg study? Do you have to do it every year?

@rickreynoso6704 9 месяцев назад

so you loose a future benefit for the gratification of the current tax year and then if you sell early you have depreciation recapture? So would the strategy be to buy property every year?

@jackiebdiaz 11 месяцев назад

In depth

@verabarnesrealestate3950 7 месяцев назад

Please send qualification as a Realtor on how to apply my real estate losses against my real estate income.

@shlomokoehler9295 2 месяца назад

What vendor do you use to make your cost segregation studies?

@adri88883 Месяц назад

Please send me information on real estate professionals

@OrlandoMiner Год назад

The best tax practice for re investing

@LYFEAccounting Год назад

Definitely a powerful tax strategy.

@BoomerHour123 Месяц назад

Who is the cost seg company he useo

@joshwallman229 15 дней назад

except that 1031 exchange isnt allowed any more.

@MarvinCounciltcreg 25 дней назад

How do I qualify as a real estate professional video

@kylestockton5851 Год назад

Say there's a married couple, one is a real estate professional and the other works a regular W2 job and they file their taxes jointly. If they have enough real estate depreciation to exceed both the cashflow from their properties and the income of the spouse working with real estate, could the remaining depreciation be applied to the spouse's income from their unrelated W2 job if they file jointly? Thanks

@LYFEAccounting Год назад

Hypothetically, yes. However, do not rely on this as tax advice and please get a CPA involved if you are strongly considering this. There are several additional items to consider. You can apply to work with Sherman @ mycpacoach.com

@marcusgilmore4311 Год назад

Do y'all do like 1 hour consultations? I got a few questions

@LYFEAccounting Год назад

Sherman has 1 or 2 client seats left. You can apply to work with him directly at mycpacoach.com/

@proudpatriarch9341 10 месяцев назад

If I opt to use cost segregation depreciation, would I no longer be able to claim my straight line depreciation?

@jacobkline4741 9 месяцев назад

straight line remains in tact or everything that was not accelerated. so 100k property- 20k is accelerated = 80k stays straight line

@alimorovati1373 5 месяцев назад

It wouldn’t be purchase price divided by 27.5. It is the building value(not the land) divided by 27.5. Is that right?

@tax-modern 2 месяца назад

Essentially yes. Short term rentals with an average stay of 30 days or less have to be depreciated over 39 years instead of 27.5. In addition to the building value portion of the purchase price, you can also add some other costs like certain closing costs, major renovation costs, and some expenses that occur before the property is placed in service as a rental. Mortgage loan costs can be "amortized" over the term of the loan, which is similar to depreciation.

@bcolemere46 9 месяцев назад

Bonus depreciation is for real estate professionals. Important you mention that.

@allanfinch4413 6 месяцев назад

Bonus depreciation is for anyone who owns a business and who uses a vehicle that is used at least 50% for business purposes.

@Mr.Moneybags40 Год назад

on 5:05 mark, does that means you're only paying $75,600 in taxes?...or are you PAYING $44,400 in taxes??....

@LYFEAccounting Год назад

It means you saved $44,400 in taxes if you are in the 37% tax bracket. It’s a simplified example to illustrate the value of finding a $120,000 tax deduction through accelerated depreciation.

@jasonblakehustling Месяц назад

Know any people that are interested in this ?

@allanfinch4413 6 месяцев назад

I do not believe his comments regarding depreciation recapture are correct. Recaptured depreciation is taxed at ordinary income tax rates. Any amounts above that are taxed as a capital gain.

@tax-modern 2 месяца назад

I think he may have just been simplifying things a bit for the purposes of this video. But yes, depreciation recapture is taxed at your ordinary income tax rate rather than your (lower) long term capital gains tax rate. But also, recapture of real estate depreciation is capped at 25%, so it will be 25% at most even if your ordinary income tax rate is higher. But that doesn't include anything that's in the accelerated deprecation categories if you do a cost seg study, that portion of your gains doesn't have the 25% upper cap. That's one of the drawbacks of doing a cost seg study.

@IsidroDenmary Год назад

Very informative video upon taxes!🔥 will it be okay If I send you an email; I want to connect

@lHurtYourFeeIings 3 месяца назад

Useless advice. A ceiling fan brand new is like $300. You want to hire someone for a cost seg study to let you know your used fan is now worth $80. Kitchen range $100, water heaters $250 etc? They are worthless used. Your example over exaggerated the "value" of these fixtures so dumb investors will buy into whatever you are trying to sell. No one buys a $500k will get $150k worth out of a seg study. Don't do it unless you own a shopping mall or 10 unit apartment.