Who Qualifies for Cost Segregation?

Underwriting Qualifications:

  • Building acquired after 1986? We look for 15-20 years or less of ownership; have you done sizeable remodeling in last 15-20 years?
  • Is the building cost greater than $300K?
  • 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; qualify as a real estate pro?; Grouping of two similar legal entities under 1.469-4)

Perkins Financial has helped over 735 projects across the U.S. defer over $108,000,000 in tax!