What is Cost Segregation?
Cost segregation is a tax strategy that accelerates depreciation deductions by reclassifying building components into shorter recovery periods. Instead of depreciating everything over 39 years, certain items can be depreciated over 5, 7, or 15 years.
- 5-Year Property: Carpeting, decorative lighting, signage, appliances
- 15-Year Property: Parking lots, sidewalks, landscaping, fencing
- 39-Year Property: Building structure, roof, HVAC systems