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For Cost Segregation, does it matter how old the building is?
We recently purchased a building that is over 70 years old...can we still benefit from Cost Segregation?
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Tax Professional Answers
The age of the building does not matter. What matters is how long the current owner has owned the building. Depreciation starts over with a change of ownership. Additionally, we can do Cost Segregation even if you've owned the building many years. Let me know and we can run a free estimate of income tax benefit for you.Leave a Comment 41 weeks ago