Cost Segregation is a tool that has been used for years to assist in the acceleration of depreciation for commercial real estate. The Tangible Property Regulations have added new functionality to cost segregation studies. This course will present an overview of cost segregation and the depreciation of real estate assets. The course will also highlight situations in which cost segregation may be beneficial to real estate owners and will discuss what type of study scope is required in each scenario. The program will also touch on how cost segregation can be a useful tool when complying with the Tangible Property Regulations. In light of the recent passage of the Tax Cuts and Jobs Act (TCJA), the course will also briefly review how Bonus Depreciation and Qualified Improvement Property benefit from the use of cost segregation. Multiple case studies will be reviewed to demonstrate the utility of cost segregation. This discussion is designed for tax, accounting, and other professionals serving the real estate markets who are looking for a better understanding of cost segregation.
• Review of cost segregation
• Highlight property types and client scenarios most likely to benefit from cost segregation.
• Learn how cost segregation is an important tool for use in complying with the TPRs and taking advantage of the TCJA.
• Hands-on learning through a discussion of typical case studies
• Overview of Cost Segregation
• Brief discussion of the Tangible Property Regulations
• Impact of the TCJA
• When to use Cost Segregation
• Case Studies
Recommended CPE: 1 Credit
Program Level: Beginner/Intermediate
Prerequisites: General background in accounting and depreciation
Advanced Preparation: None
Field of Study: Taxes