Cost Segregation Study For A $615,900 Residential Home, Long Beach, CA

$207,731.14 in first-year tax savings

This residential home in Long Beach, California was purchased in 2021 for $615,900. Taking the straight-line depreciation value, it would have depreciated by $22,800 in the first year. Engineered Tax Services implemented an accelerated depreciation strategy called cost segregation to increase the first-year depreciation value to $230,500, allowing the homeowner to save $207,731 on their taxes.