Cost Segregation Study For Apartment Complex Building, Lake Worth, FL

$899,208.91 in first year tax savings

After purchasing this Lake Worth, Florida apartment complex for $1.5 million in 2020, property investors hired Engineered Tax Services to conduct a cost segregation study. Without cost segregation, the property would have depreciated by only $55,500 in the first year, but applying the study accelerated first-year depreciation to $482,500. This resulted in $899,208 in first-year tax savings.