$522,181.93 in first-year tax savings
This hotel in Lenox, Massachusetts was purchased in 2021 for $2 million. Without cost segregation, it would have generated a depreciation value of $51,200 in the first year. However, Engineered Tax Services was able to increase the first-year depreciation value to $573,400 by conducting a cost segregation study. This resulted in $522,181 in first-year tax savings for investors.