$1,325,713.70 in first year tax savings
This La Plata, Maryland car dealership was purchase in 2020 for $1.8 million. Without a cost segregation study, it would have depreciated by $46,100 in the first year. To obtain more accurate depreciation values, investors applied a cost segregation study. This accelerated first-year depreciation to $1.3 million, saving them $1,325,713 on taxes.