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Real Estate Investors, Stock Traders, and Business Owners guide to preserve their wealth, protect their assets, and prosper in the future.
Episodes
Wednesday Nov 10, 2021
Wednesday Nov 10, 2021
Cost segregation is one of the best tax strategies for anybody in real estate investing, such as short-term rentals, to create losses that offset active and passive income. Find out how to keep your taxes as low as possible.
Today, Clint Coons of Anderson Business Advisors talks to Erik Oliver, Managing Director of Cost Segregation Authority. Erik shares cost segregation techniques that you should apply on your properties to reduce your income taxes.
Also, Erik speaks at local, regional, and national events. He brings with him a passion for identifying cost savings and educating commercial real estate owners on the benefits of cost segregation. Prior to joining the Cost Segregation Authority, Erik was an operations manager for a multi-million-dollar landscaping and design firm in Long Island, NY.
Highlights/Topics:
- What is cost segregation? Accelerated depreciation of property assets
- How does cost segregation work? Get cost seg study done to get deductions sooner
- Past vs. Present: Cost seg was only for commercial properties, now includes residential
- Bonus Depreciation: Benefits are bigger, fees are less for cost seg study of properties
- Missed Depreciation: Fix asset depreciation w/ cost seg study, w/out amending returns
- Why not do a cost segregation study? Passive loss issue or huge carry forward
- What about inflation? No other reason to wait, get deductions sooner than later
- Partial Asset Disposition: If assets are disposed of early, write-off book value as expense
Resources
Request a FREE Cost Segregation Benefit Analysis
Erik Oliver’s Phone: 602-568-0032