Maven Cost Segregation Tax Advisors

A cost segregation study is an engineering-based analysis that identifies components of a property that can be reclassified from real property (depreciated over 39 years) to personal property (depreciated over 5, 7, or 15 years). This allows property owners to take advantage of accelerated depreciation deductions and significantly reduce their tax liability.

Both commercial and residential property owners can benefit from cost segregation studies. This includes office buildings, retail spaces, warehouses, apartment buildings, hotels, and residential rental properties.

By reclassifying property components from real property to personal property, cost segregation allows for accelerated depreciation deductions (5, 7, or 15 years instead of 39 years). This creates larger tax deductions in the early years of property ownership, significantly reducing tax liability and freeing up cash flow.

No, cost segregation can be performed on both new construction and existing properties. Even older properties can benefit from retroactive applications (bonus depreciation) and the ability to amend prior tax returns.

The process involves an initial consultation to assess the property, followed by an engineering analysis to identify reclassifiable components. A comprehensive study report is then provided with the depreciation schedule, and implementation support is available to help with tax filing.