$323,304.56 in first year tax savings
Located in Vista, California, these $883,200 apartments were purchased in 2021. They were on track to generate a first-year depreciation value of $32,700, but Engineered Tax Services was able to accelerate that value to $356,000. We did this by conducting a cost segregation study, which is a method of determining more accurate depreciation rates for real estate components. This saved investors $323,304 on taxes.