- Quick specs
- Price: Free
- Operating system: Webware
- Date added: January 28, 2009
- Total Visits: 28
- Visits last week: 1
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Publisher's description
From T-ReX Global :You can save thousands of dollars by segmenting depreciation deductions. All you have to do is identify your property's short life assets so you can depreciate them sooner. The accelerated deductions will save you thousands on taxes. Real Estate investors typically depreciate properties using a straight-line over 27.5 years, so for a property with a $275,000 basis, you can have a yearly depreciation deduction of $10k for 27.5 years. Usually a property has shorter-life assets, like a refrigerator or a fence that can be separated and depreciated sooner over 5 or 15 years. For example, say the $275k property has 50k in 5 year assets (carpets, appliances, drapes) and 25k in 15 year assets (driveway, fence, patio). By depreciating these amounts separately, instead of deducting 50k over the first 5 years, you can deduct almost 100k. This can save you nearly $20,000 in federal and state taxes.
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