Cost Segregation Study AFTER in-service date?
Our property went in service in August 2022. We did most of the renovations ourselves and kept very good records, so put appropriate improvements into shorter life accounts in QBO (FF&E of course, but also floating floors, carpets, removable wallpaper, all 5-yr; plus septic, well, landscaping as 15-yr.) Does it still make sense to do a CSS now—in 2025? The pro-rated improvements of the original purchase price is only $253,218 (land is $ 201,781) although the property is valued at probably $1.5M now. We are planning further improvements on the building, such as windows, roof and added insulation.
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Angie McGuire
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Cost Segregation Study AFTER in-service date?
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