Who Qualifies for Cost Segregation?

Underwriting Qualifications:

• We look for 15-20 years or less of ownership; have you done sizeable remodeling in last 15-20 years?
• Is the building cost basis greater than $250,000 excluding land allocation?
• Does client plan on keeping the building at least 3-5 more years or longer?
• Can client take advantage of the increased deductions? Showing net income, current or recent.
• Active\Passive Income Considerations? (can self-rental be increased?; can you qualify as a real estate pro?; Can you take advantage of “grouping” of two similar legal entities under 1.469-4)