What Is The Impact Of A Cost Segregation Study When A Property Is Sold? Real Life Planning podcast

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What is the Impact of a Cost Segregation Study When a Property is Sold?

4d ago 23:08

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In Episode 57 of the Real Life Planning Podcast, Cynthia Meyer, CFA®, CFP®, ChFC®, and co-host Vekevia Tillman-Jones, CFP®, MBA, go deep into what happens when an investor sells a rental property that previously had a cost segregation study performed. They explain the tax concepts, how depreciation recapture works, and the questions every real estate investor should ask before considering a sale.

(Now, we know you know this, but reminding you that this video podcast is for educational purposes only. Please see your tax advisor for tax advice.)

This week on Real Life Planning Podcast:

💡 What is a cost segregation study, and how does it work? [00:02:23]

💡 How depreciation impacts your taxes when selling a property [00:06:56]

💡 The difference between straight-line and accelerated depreciation [00:08:20]

💡 Why bonus depreciation could lead to higher tax rates when you sell [00:09:15]

💡 Strategic questions to ask your tax advisor before selling [00:13:04]

💡 How a 1031 exchange can help defer taxes [00:14:42]

Takeaway Quotes:

"If you've taken accelerated depreciation, you can be taxed at your highest income tax rate — not capped at 25%." — Cynthia Meyer

"There are so many moving parts when you sell a property after a cost segregation study — talk to your CPA!" — Vekevia Tillman-Jones

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The ReaL Life Planning Podcast is for educational purposes only. None of the information discussed is intended as investment, tax, accounting, or legal advice, nor as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, real property, or other securities or non-securities offering.

Real Life Planning, LLC is an Investment Advisor registered with the States of New Jersey, New York, Texas, Virginia, and California. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or completeness of, any description of securities, markets or developments mentioned. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, REALLIFEPLANNING.COM.

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