Cost Segregation - Can I Do It Myself?

Cost segregation can significantly increase the tax deduction on a rental property. Depending on the underlying property, it may be possible to create depreciation deductions of up to 20 % to 40%. If magan and james were to invest in one point five million dollars of rentals that could mean up to 500 thousand dollars of depreciation in the first year. This could completely wipe out the taxes from magan's r s u from work, and saved them 225 thousand dollars in income taxes.