"You can now take this huge depreciation deduction instead of having to wait the whole 39 years to get that depreciation. You can take a big chunk in those first couple of years..."
Real estate investors can significantly reduce their taxable income through cost segregation studies and 179D energy-efficient deductions. Cost segregation allows investors to accelerate depreciation, enabling significant tax deductions in the early years of property ownership, instead of spreading it over a longer term. 179D studies maximize deductions for energy-efficient improvements in commercial properties. Kristel Espinosa, a CPA specializing in real estate, emphasizes the importance of strategic deductions, especially through depreciation, to minimize tax burdens effectively.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]