73: Save Big Tax $ with DIY Cost Segregation

The Short Term Rental Profits Show

Apr 14 2022 • 22 mins

Jason Hartman is joined by cost segregation specialists AJ and Randy Lyons, who’ve created DIY Cost Segregation to help you accelerate the depreciation on your residential rental properties and decrease your tax burden! Income property is the most tax favored asset class in America and the IRS has allowed people to depreciate a property over a 27.5 year schedule for fantastic tax savings. And the beauty of this tax deduction is it's a non cash or phantom write off, so check it out at DIYCostSeg.com! SAVE $50 on residential studies and $100 on commercial studies! Use Jason’s discount code “Jason” on DIYCostSeg.com!

Watch the video HERE.

1:15 What is cost segregation?

2:57 Cost segregation allows you to take components of the house and depreciate them faster

3:32 Which components have shorter depreciation schedules?

4:54 Sample report from DIY Cost Seg

7:52 Factoring in date of property purchase

10:30 Commercial vs residential properties

11:21 Breakdown of structural components into depreciation schedule

13:50 New IRS guidelines, case laws and the master depreciation guide

14:36 How does this apply to retiring assets?

16:46 Benefits of cost segregation

19:48 Cost of DIY Cost Seg Save $50 on residential studies and $100 on commercial studies! Use Jason’s discount code “Jason” on DIYCostSeg.com!

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