ETS in Bloomberg – Trump’s tax overhaul solidifies write-offs of certain assets

Cost Segregation Study For $2.5 Million Retail Pharmacy In Joliet, Illinois

$815,775.09 in first-year tax savings

Ordinarily, this $2.5 million retail pharmacy in Joliet, Illinois would have depreciated by $64,100 in the year it was purchased (2020). Instead of taking the straight-line depreciation rate, investors commissioned a cost segregation study to report the building’s depreciation rate more accurately on their taxes. This pushed the first-year depreciation value up to $879,800, which resulted in $815,775 in tax savings.

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