When is the best time to do a cost segregation study? | National Asset Partners

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When is the best time to do a cost segregation study? | National Asset Partners

When should a cost segregation study be conducted?

The ideal time for a cost segregation study can vary depending on a client's tax situation. At National Asset Partners, our team of engineers and tax experts work together with clients and their accountants to recommend the best tax planning solution to fit their needs.

A free preliminary analysis can help determine the right timing and strategy for any investor. Post-purchase, remodel, or construction: "Look-back" Studies: A study can be completed anytime after the purchase, remodel, or construction of a property. In fact, current Internal Revenue Service procedures make it easy to go back and claim missed depreciation on assets acquired as far back as 1987 without amending prior tax returns.

Year Placed in Service: The optimum time for a study for new owners, is during the year a building is constructed, purchased, or remodeled. This allows an owner to immediately optimize tax savings and accurately classify assets before the building even begins to depreciate.

Pre-construction: For investors who are in the planning phases of construction or remodeling, the best time to consider a cost segregation study is before the infrastructure of the building is set. National Asset Partners Pre-Construction Consulting allows the project's accountant and construction contractor to accurately track items that qualify for accelerated depreciation and ultimately saves time and money.